AWS is very happy to announce the publication of the AWS User Guidebook to Financial Services Rules and Guidelines within Switzerland whitepaper and workbooks.

This guide identifies certain rules applicable to finance institutions in Switzerland, including banks, insurance firms, stock exchanges, securities dealers, portfolio managers, trustees along with other financial entities which are overseen (directly or indirectly) by the Swiss Financial Marketplace Supervisory Authority (FINMA).

Amongst additional topics, this guide addresses requirements created by the next rules and publications of curiosity to Swiss finance institutions:

• Federal Laws and regulations – including Content 47 of the Swiss Banking Work (BA). Banks and Financial savings Banks are usually overseen by FINMA and governed by the BA (Bundesgesetz über die Banken und Sparkassen, Bankengesetz, BankG). Article 47 BA retains relevance in the context of outsourcing.
• Reaction on Cloud Suggestions for Swiss Finance institutions made by the Swiss Banking Union, Schweizerische Bankiervereinigung SBVg.
• Settings outlined by FINMA, Switzerland’s independent regulator of financial marketplaces, which may be applicable to Swiss insurers and banks in the context of outsourcing plans to the cloud.

In conjunction with the AWS User Tutorial to Financial Services Recommendations and Regulations within Switzerland whitepaper, customers may use the detailed AWS FINMA ISAE and workbooks 3000 review available from AWS Artifact.

The five core FINMA circulars are designed to assist Swiss-regulated finance institutions in understanding methods to homework, third-party management, and key organizational and technical controls that needs to be implemented in cloud outsourcing arrangements, for material workloads particularly. The AWS FINMA ISAE and workbooks 3000 survey scope covers, at length, requirements of the next FINMA circulars:

• 2018/03 Outsourcing – insurers&lt and banks;/em> (04.11.2020)
• 2008/21 Operational Dangers – Banks – Principle 4 Technologies Infrastructure (31.10.2019)
• 2008/21 Operational Dangers – Banks – Appendix 3 Managing of electronic Client Identifying Information (31.10.2019)
• 2013/03 Auditing – IT (04.11.2020)
• 2008/10 Self-regulation as the very least regular – Minimum amount Business Continuity Administration (BCM) minimum specifications proposed by the Swiss Insurance policy Association (01.06.2015) and Swiss Bankers Association (29.08.2013)

Customers may use the detailed FINMA workbooks, such as detailed handle mappings for every FINMA handle, covering both AWS control routines and the client User Entity Handles. Where applicable, beneath the AWS Shared Obligation Design, these workbooks provide market standard procedures, incorporating AWS Well-Architected, to aid Swiss customers within their very own preparation for FINMA circular alignment.

The issuance is accompanied by this whitepaper of the next Swiss Financial Marketplace Supervisory Authority (FINMA) ISAE 3000 Type 2 attestation report. From October 1 the most recent report covers the time, september 30 2020 to, 2021, with a complete of 141 AWS services and 23 global AWS Regions contained in the scope. Customers may the document from &lt download;a href=”https://aws.amazon.com/artifact/” focus on=”_blank” rel=”noopener noreferrer”>AWS Artifact. A complete set of certified Regions and services is presented within the published FINMA report.

As constantly, AWS is focused on bringing new services in to the scope of our FINMA plan in the future predicated on clients’ architectural and regulatory requirements. Please get in touch with your AWS account group for those who have any relevant questions or even feedback. For those who have questions about this write-up, contact AWS Assistance.

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