High quality post-graduate course in the law and economics of financial regulation

Next CAS starts in April 2021.

MISSION

Our students will

know the substance and the background of global and Swiss financial regulation

work with a legal and an economic focus

see behind the policy concepts in financial regulation

understand the regulatory drivers and trends

meet key actors and practitioners as guest speakers and interact with them

ESSENTIALS

Exclusive and small group of students

All classes taught in English

Classes from April to November in Bern and Geneva

Classes in 3 week intervals on Fridays and Saturdays

Student evaluation based on one exam and a short paper

Certificate of Advanced Studies delivered jointly by the Universities of Bern and Geneva

Total tuition (including lunches and documentation) CHF 10’800 for regular students (CHF 10’300 for early applications)

Guest students may participate in select single modules for CHF 800 per day

Course is recognized in the Swiss Financial Institute’s (SFI) «Master of Advanced Studies (MAS) in Banking»

Study Program Study charter Cooperation partner

PROGRAM

Eight modules on 16 full days of teaching on 8 Fridays and 8 Saturdays from 9.15 am to 5.15 pm and one half day of exams on the following dates:

Fri 9 April 2021
Module 1: Financial Markets and the Swiss financial center
Bern, Aymo Brunetti
Who are the actors of financial markets? What are the services and products they offer? What drives financial markets and Switzerland’s financial center?

Sat 10 April 2021
Module 2: Legal fundamentals of financial regulation
Bern, Luc Thévenoz
What are the triggers of financial regulation? Who are the actors in international and Swiss Financial Regulation? What is the high-level design of the Swiss Financial Regulatory Architecture?

Fri 30 April – Sat 1 May 2021
Module 3: Economic fundamentals of financial regulation
Geneva, Cyril Monnet
What are the key economic features of financial markets? What are the key elements of post crises-financial regulation?

Fri 28 – Sat 29 May 2021
Module 4: Banking Regulation
Bern, Joachim Oechslin
How Supervisors prudentially regulate and supervise banks and interact with them? What are the key elements of banks corporate governance and risk management? How are the global Swiss banks positioned compared to their foreign peers?

Fri 2 – Sat 3 July 2021
Module 5: Insurance Regulation
Bern, Monica Mächler
How Supervisors prudentially regulate and supervise insurance and interact with them? What are the trends in Insurance Regulation? What are the strategic challenges of insurance com-panies in a global context?

Fri 20 – Sat 21 Aug. 2021
Module 6: Financial Markets and Services Regulation
Geneva, Rashid Bahar
What are the regulatory standards for business conduct, financial services and prodcuts and financial infrastructures?

Fri 10 – Sat 11 Sept. 2021
Module 7: Fintech Regulation
Bern, Hans Kuhn
How financial regulators react with regard to new tech initiatives in financial services linked to crowdfunding and -lending, blockchain, distributed ledgers and tokenisations?

Fri 8 – Sat 9 Oct. 2021
Module 8: Leveraging financial markets to pursue other public interests
Geneva, Christian Bovet
How financial markets and institutions are leveraged by lawmakers to implement policies to implement other public interests e.g. collection of taxes, fight against money laundering and corruption or economic sanctions?

Fri 5 – Sat 6 Nov. 2021
Module 9: Enforcing financial regulation
Bern, Urs Zulauf
How financial and other regulations are internationally enforced against financial firms and other actors in financial markets and their managers?

Study Program

FACULTY

The faculty members design the substance of the nine modules based on the framework set up by the course executive committee. They teach the major part of the modules themselves and provide the key context:

Rashid Bahar
Associate Professor of law, University of Geneva, Partner Baer & Karrer, Zurich

Christian Bovet
Professor of law, University of Geneva, Vice-chairman of the Board of Directors BNP Paribas (Suisse) SA

Aymo Brunetti
Professor of economics, University of Bern, Chairman of the Swiss government’s «Future of the Financial Center Advisory Board»

Hans Kuhn
Partner at Wicki Partners, Zurich, and Digital Assets Legal Advisors LLC, Zug

Monica Mächler
Member of the Board of Directors Zurich Insurance Group

Cyril Monnet
Professor of economics, University of Bern, Swiss doctoral program manager Study Center Gerzensee

Jo Oechslin
Senior Advisor, until 2019 Chief Risk Officer Credit Suisse, Member of the Board of Directors SwissRe

Luc Thévenoz
Professor of law, University of Geneva, Member of the Board of Directors Banque Mirabaud & Cie SA

Urs Zulauf
Adjunct Professor of law University of Geneva and Cornell Law School, Consultant in Financial Markets Regulation, Supervision and Enforcement, Bern

GUEST SPEAKERS

The CAS Executive Committee selects distinguished academics and practitioners as guest speakers from regulators or authorities, the financial industry and legal and management consultants. They provide theoretical and practical context in guest lectures and on panels.

Confirmed speakers for CAS 2019 included

Claudio Bazzani
Partner, Homburger, Zurich

Jessie Bühler
Senior Analyst, Enforcement Division, FINMA, Bern

Romeo Cerutti
General Counsel, Credit Suisse, Zurich

Aline Darbelley
Assistant professor, Centre de Droit Bancaire et Financier, Geneva

Alice De Chambrier-Blokker
Public Prosecutor, Office of the Attorney General of Switzerland, Bern

Patric Eymann
Head Enforcement Division, Member of Executive Board, FINMA, Bern

Adam Farkas
Executive Director, European Banking Authority EBA, London

Pablo Faus Pérez
Information Risk Office, Lombard Odier, Geneva

David Garrido
Head Legal, Lombard Odier, Zurich

Stuart Graham
Founder and CEO of Autonomous Research, London

Andreas Heinemann
President Swiss Competition Commission, Professor, University of Zurich

Christoph Hiestand
Group General Counsel, Julius Baer Group Ltd, Zurich

Alexander Karrer
Ambassador, Deputy State Secretary for International Financial Matters, Federal Finance Department, Bern

Keith D. Krakaur
Partner, Skadden Arps, Slate, Meagher & Flom LLP, London

Peter Kurer
Partner, BLR Partners AG, Thalwil

Imène Rahmouni-Rousseau
Deputy Director, Market Operations, Banque de France, Paris (tbc)

Cédric Remund
Public Prosecutor, Office of the Attorney General of Switzerland, Bern

Roselyne Renel
Chief Credit Officer, Standard Chartered, London

John Reynolds
Partner, Davis & Polk, New York

Flavio Romerio
Partner, Homburger, Zurich

David Ruetschi
Head of the Civil Law and Civil Procedure Unit, Federal Office for Justice, Bern

Markus Ronner
Head Group Regulatory & Governance, UBS, Zurich

Birgit Rutishauser-Fernandez
Head insurance supervision division, FINMA, Bern

Frank Schnewlin
Vice Chair of the Board of Directors of Swisslife, Vice-chairman of the Board of Vontobel Holding, AG, Zurich

Emmanuele Stauffer
General Counsel, Bank EFG, Lugano

René Weber
State Secretary for International Financial Matters, Federal Finance Department, Bern

David Wyss
Member of Executive Board, Head Resolution, FINMA, Bern

Oliver Wuensch
Strategic Advisor, Oliver Wyman, Zurich

Rolf Wuest
Deputy Swiss Banking Ombudsman, Zurich

Fritz Zurbrügg
Vice-chairman of the Governing Board, Swiss National Bank, Zurich

STUDENTS AND GUEST STUDENTS

Our regular students should have

a university or equivalent degree

three years of professional experience in a position related to Swiss or international financial markets (e.g., financial industry, financial regulation and legislation, management consultation, auditing, law firms)

a good working knowledge of English

the time and motivation to invest around 30 working days in this study and to take one 3-hour exam

an open mind to interact intensively with peer students, faculty and guest speakers

Our guest students wish to attend select course modules and are welcome if seats are available. Guest students pay a fee of CHF 800 per day.

ABOUT US

The CAS Executive Committee is responsible under the CAS study charter for the course:

Urs Zulauf
Study Director, Adjunct Professor of law, University of Geneva and Cornell Law School, Consultant in Financial Markets Regulation, Supervision and Enforcement, Bern

Aymo Brunetti
Professor of economics, University of Bern, Chairman of the Swiss government’s „Future of the Financial Center Advisory Board“

Luc Thévenoz
Professor of law, University of Geneva, Member of the Board of Directors Banque Mirabaud & Cie SA

The CAS Supervisory Board is responsible for the academic strategy and evaluates the quality of the course. It includes the members of the CAS Executive Committee and the following persons:

Ursula Cassani, Chair
Professor of law, University of Geneva

David Green
Author and consultant on financial regulation, Senior Adviser for Systemic Policy Partnership LLP and Advisor on Brexit and the City to the Chairman of Royal Bank of Scotland RBS

Isabelle Romy
Partner Foriep, Professor of law, University of Fribourg, Member of the Board of Directors UBS

Cyril Monnet
Professor of economics, University of Bern

Frank Schnewlin
Vice-chairman of the Board of Directors of Swisslife, Vice-chairman of the Board of Vontobel Holding AG, Zurich

Fritz Zurbrügg
Vice-chairman of the Governing Board, Swiss National Bank, Zurich

LOCATIONS

The course takes place in first class locations guaranteeing the focus in teaching. Refreshments and lunches are provided onsite and included in the fee.