SwissFinance

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

5 months 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

5 months 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.

Swiss Finance Chief Warns of Inevitable Banking Crises Amidst Economic Shifts

7 months ago

In a stark acknowledgment of the complexities facing the global financial landscape, Swiss Finance Minister, Karin Keller-Sutter, has stated that it is "impossible to fully rule out" the possibility of banking crises in the future. Her comments reflect the ongoing challenges endured by financial institutions across Switzerland and beyond, particularly following the tumultuous economic events that have unfolded over the past few years.