Welcome to FINMA

As an independent supervisory authority, FINMA protects the clients of financial markets, namely creditors, investors and insured persons, thereby strengthening confidence in the smooth functioning, competitiveness and integrity of Switzerland’s financial centre.

News

12.03.2010FINMA and the SNB intensify their collaboration in the area of financial stabilityThe Swiss Financial Market Supervisory Authority (FINMA) and the Swiss National Bank (SNB) have revised their Memorandum of Understanding (MoU) on financial stability concluded in 2007. During the financial crisis and thereafter, the two institutions collaborated much more closely. Based on the insights obtained over the past few years, the MoU has been revised, and on 23 February 2010 it was signed. +++
11.03.2010Anpassung des Verordnungsanhangs über Massnahmen gegenüber SimbabweDas Eidgenössisches Volkswirtschaftsdepartement hat am 9. März 2010 den Anhang 2 zur Verordnung über Massnahmen gegenüber Simbabwe (SR 946.209.2) angepasst. Der Name von einer natürlichen Person wurde hinzugefügt. Die Anpassung tritt am 11. März 2010 in Kraft. Der Anhang ist auf der Homepage des Staatssekretariats für Wirtschaft (Seco) abrufbar. +++
11.03.2010FINMA is investigating the data stolen at HSBCFINMA has subsequently instigated formal administrative proceedings against HSBC. It is investigating how in 2007 a significant theft of client data could have happened and if the organisational and technical measures implemented by HSBC since this incident to prevent such occurrences comply with the legal requirements. +++
02.03.2010Investigations into Madoff and Lehman cases completedFINMA completed two large-scale investigations in 2009. The first concerned the impact on Switzerland as a financial centre of the fraud committed in the USA by the US investor Bernard L. Madoff. The second looked at the distribution of structured products that were guaranteed by subsidiaries of Lehman Brothers Holdings Inc. Both cases led to losses for investors. FINMA identified the need for certain financial intermediaries to take corrective measures and has requested the necessary steps to be taken. The investigations did reveal, however, that current Swiss legislation does not adequately protect investors in investment advisory and wealth management services. FINMA sees a clear need for regulatory action in this regard and has therefore launched a regulatory project in relation to distribution rules. +++
02.03.2010Publications of Bankruptcy+++