FINMA has a statutory mandate to protect financial market clients and the proper functioning of the financial markets. FINMA has been calling for new and more extensive tools and powers since 2021, along with key improvements in banking regulation, to enable it to fulfil its statutory mandate unequivocally. Many of these demands have been included in the Federal Council’s
TBTF report, in the final report of the Parliamentary Investigation Committee on the emergency takeover of CS (PInC report) and in the Federal Council’s recently published parameters paper on the revision of banking legislation.