REGULATORY ENVIRONMENT
MIG BANK has a high standard of compliance and quality throughout its organization. As an established Swiss bank, our operations are regulated and supervised by the Swiss Financial Market Supervisory Authority (FINMA). This independent authority protects the clients of financial markets, namely creditors and investors, thereby strengthening confidence in the smooth functioning, competitiveness and integrity of Switzerland’s financial center.
Under this framework, and particularly in accordance with the Swiss Banking Act, clients benefit from Swiss Banking security standards, which include privileged deposits per creditor in case of a bank default.
MIG BANK only affiliates itself with minimum AA rated banks and financial institutions and undergoes consistent operational audits throughout the year by KPMG, providing external auditing, and PricewaterhouseCoopers, for internal auditing. These measures help to assure the highest financial reporting quality, transparency and business integrity possible.
MIG BANK is ISO certified for Quality Management and Information Security Standards (9001 and 27001), and employs best-practice and continual improvement techniques throughout its organization to ensure sound business operations.
Being situated in one of the world’s most stable financial environments means that MIG BANK clients can take advantage of Swiss economic and financial security standards, most notably Swiss banking privileges.
