How FINMA is organised

FINMA was established in 2009 from its three predecessor institutions: the Swiss Federal Banking Commission (SFBC), the Federal Office of Private Insurance (FOPI) and the Anti-Money Laundering Control Authority (AMLCO). In establishing FINMA, the legislator transferred responsibility for financial market supervision to an integrated authority.

Board of Directors and Executive Board

FINMA, an independent supervisory authority, has a modern management structure with a board of directors, an executive board and an external auditor in the form of the Swiss Federal Audit Office (SFAO).

As FINMA's strategic management body and in accordance with the Financial Market Supervision Act, the Board of Directors comprises seven to nine independent expert members. It decides on matters of substantial importance, issues ordinances and circulars, and is responsible for FINMA's budget. It also ensures internal controls by means of an internal audit unit and oversees the Executive Board.

The operative business is managed by the Executive Board, which is made up of nine members: a chief executive officer and the eight heads of the respective divisions. The Executive Board prepares the necessary files and materials for decisions to be taken by the Board of Directors and is responsible for implementing the resolutions of this management body. For all matters that do not fall to the Board of Directors, the Executive Board reaches its own decisions.

Corporate governance

As a counterbalance to FINMA's independence, it has been made accountable to and is subject to the overall political supervision of the Federal Government. It is of vital importance to FINMA that its staff and third parties acting on its behalf conduct themselves with integrity and refrain from any activity that could jeopardise its image and credibility. FINMA has its own Personnel Ordinance and has issued a code of conduct. The latter sets out strict instructions, particularly with regard to the handling of conflicts of interest that may arise in connection with activities carried out on FINMA's behalf. This code of conduct is directed at all persons acting for FINMA, namely the Board of Directors and all staff members, whether they are employed on either a permanent or temporary basis.

Headcount

In 2025, FINMA had an average of 698 full-time equivalents (2024: 634) in permanent and temporary employment. Around 27% of employees worked part-time, i.e. less than 90% (2024: 26%).

 

 
FINMA’s staff comprises a wide range of specialists who work together across disciplines. At FINMA lawyers, economists, mathematicians, auditors, actuaries, accountants and investment specialists collaborate with other experts.

FINMA is a lean and efficient organisation that takes a risk-oriented approach and applies proportionality to its supervision. It hardly grew at all from 2012 to 2022. Its growth since 2023 is due to being assigned new responsibilities, the emergence of new topics and new methods, and increasing risks. In the long term, the upper limit of FINMA’s permanent staff (FTEs on permanent contracts) should not exceed three figures.