Press releases

08.05.2013Eugenio Brianti announces his departure from the FINMA Board of DirectorsEugenio Brianti will step down from the Board of Directors of the Swiss Financial Market Supervisory Authority FINMA at the end of June 2013. +++
15.04.2013Consultation on FINMA Circular "Distribution of collective investment schemes"The Swiss Financial Market Supervisory Authority FINMA is fully revising FINMA Circular 2008/8 on "Public advertising – collective investment schemes" and is opening a consultation to this purpose. The new Circular will now be entitled "Distribution of collective investment schemes" and will take account of the revised Collective Investment Schemes Act (CISA) and the Collective Investment Schemes Ordinance (CISO) that came into force on 1 March 2013. The consultation will run until 3 June 2013. +++
27.03.2013FINMA opens consultation on fully revised circular "Market conduct rules"The Swiss Financial Market Supervisory Authority FINMA can now take action against all persons who use insider information or engage in market manipulation. Following the revision of the Stock Exchange Act and the Stock Exchange Ordinance, FINMA is fully revising Circular 08/38 on "Market conduct rules". Together with the section on general market supervision, the full revision also includes the part on specific organisational provisions for FINMA-supervised institutions. The consultation runs until 13 May 2013.
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26.03.2013FINMA Annual Media Conference 2013: Demanding tasks in a challenging environment2012 posed numerous challenges for FINMA at all levels. Much work was put into intensively supervising exposed areas in the financial sector. Last year, FINMA also concluded large-scale proceedings against supervised institutions. Key regulatory projects progressed well or were implemented. At strategic level, FINMA defined new strategic goals in line with which it will carry out its activities in the next four years. +++
25.03.2013FINMA opens consultation on new circular "Limitation of intra-group positions – banks"The Swiss Financial Market Supervisory Authority FINMA is opening a consultation on its new circular "Limitation of intra-group positions – banks". This circular serves to clarify the practices FINMA has employed with regard to entities that form part of a foreign financial group and have significant intra-group exposures. The circular aims to reduce the degree of financial and operational dependency within a group by means of measures ranging from introducing detailed reporting to strictly limiting certain positions. Its legal basis is the Capital Adequacy Ordinance (CAO). The consultation runs until 1 May 2013. +++
19.02.2013Collective Investment Schemes Bankruptcy Ordinance comes into forceThe Swiss Financial Market Supervisory Authority FINMA will put the FINMA Collective Investment Schemes Bankruptcy Ordinance into effect on 1 March 2013. The new ordinance details the provisions of the Collective Investment Schemes Act under bankruptcy law and sets out the procedure for bankruptcy proceedings. It renders the courses of action adopted by FINMA and the procedural steps it takes during the bankruptcy process transparent. +++
13.02.2013FINMA to oversee sector-specific countercyclical capital buffer The Swiss Financial Market Supervisory Authority FINMA acknowledges the Federal Council’s decision to activate a sector-specific countercyclical capital buffer for lending secured by residential properties. It will oversee the banks' efforts to implement the measures this decision necessitates.. +++
07.02.2013Guidelines on asset management to be revisedThe Swiss Financial Market Supervisory Authority FINMA is adjusting FINMA circular 09/1 "Guidelines on asset management" and is opening a consultation in this regard. The revision foreseen will take the most recent decisions of the Federal Supreme Court on individual portfolio management into consideration as well as the amendments to the Collective Investment Schemes Act. The revised circular sets out in concrete terms the duties of asset managers. The consultation closes on 3 April 2013. +++
09.01.2013Urs Zulauf resigns from FINMA – Nina Arquint appointed to the Executive BoardExecutive Board member, Urs Zulauf, has decided to pursue his professional career outside FINMA and has handed in his resignation. FINMA expresses its deepest thanks to him for his long-standing commitment to the Financial Market Supervisory Authority. Nina Arquint will replace him on the Executive Board. +++