Latest FINMA news and updates from Switzerland. AI-curated articles covering FINMA topics.
Switzerland's financial regulator, FINMA, is calling for urgent action from banks to address the security risk from quantum computers, which could break current encryption systems. A survey revealed that while banks are aware of the threat, most lack a clear roadmap for migration to secure encryption.
Despite overall improvements, the Swiss financial regulator FINMA has identified ongoing weaknesses in risk analysis at financial institutions, especially concerning politically exposed persons, complex company structures, and cryptocurrency services.
A review by the Swiss Financial Market Supervisory Authority (FINMA) has found that despite improvements, Swiss financial institutions still have significant weaknesses in their risk analysis for money laundering, especially concerning politically exposed persons and crypto services.
The Swiss Financial Market Supervisory Authority (FINMA) significantly increased its enforcement proceedings and on-site inspections in 2025, including 42 inspections at UBS alone, signaling heightened scrutiny amid a volatile economic environment.
From trusted Swiss news outlets