Swiss Financial Watchdog Demands More Powers

2025-04-08 02:23:57

(MENAFN- Swissinfo) The Swiss Financial Market Supervisory Authority (FINMA) is calling for legal changes to enable it to intervene early on if banks violate corporate governance rules. This content was published on April 8, 2025 - 14:24 3 minutes Keystone-SDA

Français fr La Finma veut pouvoir intervenir en amont des crises Original Read more: La Finma veut pouvoir intervenir en amont des crise

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FINMA told reporters on Tuesday that it wants to be able to intervene“when the board of directors and management of an institution do not consistently reflect (...) its core values and risk culture”, referring to the shortcomings that led to the collapse of Credit Suisse.

The financial watchdog also wants to be able to communicate on its supervisory activities, introduce a liability regime for executives and impose fines if necessary, it said in a statement on Tuesday on the sidelines of its annual press conference.

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This content was published on Apr 1, 2025 Following the Credit Suisse debacle, the Swiss Financial Market Supervisory Authority (FINMA) is adapting its organisation.

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