Corporate governance circular finma

  • What is FINMA circular?

    The Swiss Financial Market Supervisory Authority (FINMA), Switzerland's regulator, issues circulars that stipulate how it must be applied.
    While some of these circulars have been translated into English by the legislator itself, most have not..

  • What is the circular of remuneration in FINMA?

    The Circular will have a direct impact on the remuneration systems of the financial institutions concerned.
    The Circular will aim to ensure that remuneration systems do not provide incentives to take inappropriate risks that could threaten the stability of financial institutions..

  • What is the FINMA Circular 2008 21?

    The adjustments to the qualitative requirements of FINMA Circular 08/21 consist of refining the supervisory practice on the one hand in relation to the management of operational risks in general, the management of risks in connection with information and communication technology (ICT) and critical data as well as cyber .

  • What is the FINMA Circular 2013 7?

    This circular provides more concrete information on the FINMA's practice regarding intragroup positions and shows examples of when it limits such positions.
    It also lists the most important criteria for limiting such positions..

  • What is the role of the FINMA?

    FINMA is Switzerland's independent financial-markets regulator.
    Its mandate is to supervise banks, insurance companies, financial institutions, collective investment schemes, and their asset managers and fund management companies..

  • FINMA's main task as a regulator is to make sure that all financial service providers comply with the rules and that the financial system is stable.
    We are responsible for authorising banks, insurance companies, stock exchanges and other market participants, including asset managers of collective investment schemes.
  • FINMA's statutory powers to supervise banks, insurers, stock exchanges, financial institutions and collective investment schemes are governed by a variety of financial market laws, including the Financial Market Supervision Act.
  • With the complete revision of FINMA Circular 2023/1, FINMA has not only taken into account the increasing complexity of IT systems, technological progress and change, the accumulation of cyber attacks and the handling of critical data but has also specified supervisory practice with regard to the management of these
FINMA Circ. 17/1 "Corporate governance – banks". Date: 22 September 2016 This circular sets out the requirements to be met by the corporate governance 

What does FINMA do?

The Swiss Financial Market Supervisory Authority FINMA is consolidating its corporate governance, internal control system and risk management supervisory requirements for the banking sector

This consolidation will take the form of a single circular incorporating findings from the financial market crisis and revised international standards


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