Swiss Regulator Urges Banks To Prepare For Quantum Era

(MENAFN- Swissinfo) The Swiss Financial Market Supervisory Authority (FINMA) is calling on banks to do more to address the risk posed by powerful quantum computers. Select your language

Generated with artificial intelligence. Listening: Swiss regulator urges banks to prepare for quantum era This content was published on July 10, 2026 - 10:23 1 minute Keystone-SDA

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Quantum computing could breach current cryptographic systems, putting communications, customer data and financial transactions at risk.

A survey carried out between November 2025 and January 2026 among 60 financial institutions has revealed that companies are aware of the risks posed by quantum computers, FINMA said.

However, there is generally a lack of a clear roadmap and sufficiently forward-looking planning for the migration to secure encryption.

“FINMA has identified a need for action in risk management at numerous institutions,” the regulator stated.

In a communication to those concerned, the supervisory authority has outlined various measures to mitigate the risks.

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