The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

MIG gets its licence

MIG Investments has become the first of the once-unregulated Swiss FX trading platforms to obtain its banking licence. Switzerland has taken real steps to clean up once-shady retail and ruled on April 1 that companies would require a banking licence. Naturally MIG Bank, as it is now known, is delighted to have been granted its licence, especially as a spokesman for the Swiss Financial Market Supervisory Authority says that he does not anticipate any more grants of approval in the near future.

“We anticipated Finma’s requirements and have been preparing for this change in status for nearly two years. Obtaining the banking licence is a major phase in our planned development. It will allow us, in particular, to diversify our activities by providing brokerage services in precious metals and offer other added value services as well,” says Hisham Mansour, MIG’s chief executive.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree