FINMA

Regulatory Missteps Uncovered in Credit Suisse Investigation: Swiss Authority Under Fire

3 days ago

The Swiss Financial Market Supervisory Authority (FINMA) has recently come under intense scrutiny following a damning report by the Swiss Federal Audit Office (SFAO), which uncovered serious flaws in the regulator's handling of the investigation into Credit Suisse. The findings reveal a series of blunders that not only hindered effective oversight but also compounded the difficulties faced by the troubled bank during a tumultuous period leading up to its historic merger with UBS in 2023.

Swiss Regulators Unveil Climate Risk Guidelines for Financial Institutions Amid Industry Resistance

6 days ago

The Swiss Financial Market Supervisory Authority (FINMA) has officially introduced a set of climate risk-related regulations aimed at enhancing accountability and transparency among financial institutions. This move comes after considerable pushback from the banking sector, which has expressed concerns regarding the potential burden these rules could impose. The new regulations are designed to ensure that banks adequately assess and disclose the financial impacts associated with climate change, thereby reinforcing the country's commitment to sustainable finance.

UBS Ordered to Revise Emergency Protocols Following Takeover, Says FINMA

2 months ago

In a significant regulatory move, UBS Group AG has been instructed by Switzerland's financial watchdog, the Financial Market Supervisory Authority (FINMA), to revisit and update its emergency plans in light of its recent acquisition of Credit Suisse. This directive underscores the complexities and risks associated with the merger, which aimed to stabilize one of Europe’s largest banks amid a turbulent financial backdrop.