Why Switzerland has to play ball with AIFMD


One of the side effects of a global economy is that all financial regulations seem to be getting extended beyond national and continental boundaries, creating a potentially confusing array of conflicting ‘extra-territorial’ legislation and rules.

One of the most significant hedge fund management industries in Europe is landlocked Switzerland, which is not part of the EU – and viewed widely as something of a fortress outside of it.

But now the country, which has often been seen as being ‘light touch’ in its approach to financial regulation, seems to be aligning itself squarely with the tougher new international norms.