FINMA noted further progress in its annual assessment of recovery and resolution planning by the systemically important Swiss financial institutions. The domestic systemically important banks (PostFinance, Raiffeisen and Zürcher Kantonalbank) have credible resolution strategies for the first time. The two large banks (Credit Suisse and UBS) have made further improvements to their global resolvability.
On its website FINMA provides detailed information about the “too big to fail” regulation in Switzerland, about its role as a resolution authority and the procedures for assessing resolvability, and about investor and client protection in the Swiss financial centre.
FINMA published a comprehensive report on recovery and resolution planning by the systemically important Swiss financial institutions for the first time in 2020.