Switzerland's Financial Market Supervisory Authority has decided to please the United States, its main international persecutor, by issuing its first ever report on its enforcement activities in 2014.

The report contains anonymised case reports and comprehensive statistical data about preliminary investigations and proceedings. It also discusses trends in enforcement and the priorities that FINMA has been following.The purpose, of course, is to "illustrate the kinds of activities FINMA will not tolerate and how it responds to suspected violations of the law." This appears to be something to please the Americans - indeed, the phrase "violations of the law" is one that only Americans would use.

There are 66 summaries of various enforcement 'rulings.' FINMA conducted a total of 673 preliminary investigations in 2014, of which 128 related to licence holders such as banks and insurers, 436 concerned unauthorised financial service providers and 109 related to market supervision. Of the 59 proceedings concluded, 21 related to licence holders, 16 to their employees and ultimate managers and 22 to unauthorised financial service providers.

In addition to its own preliminary investigations and proceedings, FINMA's Enforcement division handles an increasing number of requests for assistance from foreign supervisory authorities. It handled 479 in 2014 - a statistic that justifies the publication of a report all on its own.