Resolution of asset and portfolio managers

FINMA is responsible for liquidating asset or portfolio managers who have become destabilised, if previous recovery efforts have been ineffective. It can also place asset managers into bankruptcy, although the chances of a restructuring must be investigated first.

As with other authorised institutions, FINMA takes measures if asset and portfolio managers become destabilised or if there is a risk of insolvency. If necessary it withdraws the licence and orders their liquidation or, if there is no prospect of a successful recovery, bankruptcy. If the criteria for bankruptcy are met, under applicable law the bankruptcy courts rather than FINMA are responsible for launching bankruptcy proceedings in the case of portfolio managers.