Swiss Financial Market Supervisory Authority

Swiss Financial Market Supervisory Authority
(in German) Eidgenössische Finanzmarktaufsicht
(in French) Autorité fédérale de surveillance des marchés financiers
(in Italian) Autorità federale di vigilanza sui mercati finanziari
(in Romansh) Autoritad federala per la surveglianza dals martgads da finanzas
Agency overview
Formed2007
Superseding agency
  • Swiss Federal Banking Commission (EBK-CFB)
JurisdictionSwitzerland
HeadquartersBern, Switzerland
Employees583 (2023)[1]
Minister responsible
Agency executives
Parent agencyFederal Department of Finance
Websitewww.finma.ch

The Swiss Financial Market Supervisory Authority (FINMA; German: eidgenössische Finanzmarktaufsicht, French: Autorité fédérale de surveillance des marchés financiers, Italian: Autorità federale di vigilanza sui mercati finanziari) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland.[2] FINMA's name and acronym are usually expressed in English so as to avoid the semblance of favouring any one of Switzerland's linguistic regions.[citation needed]

Entrance to the FINMA building.

FINMA was established in 2007 and succeeded the Federal Banking Commission (German: eidgenössische Bankenkommission, French: Commission Fédérale des Banques, thus EBK-CFB) established in 1934.[3] It is an independent institution with its own legal personality based in Bern.[4] It is institutionally, functionally and financially independent from the central federal administration and the Federal Department of Finance and reports directly to the Swiss parliament.[3]

  1. ^ "FINMA's annual media conference". Retrieved 2 April 2024.
  2. ^ "FINMA at a glance" (PDF). admin.ch. Retrieved 19 September 2024.
  3. ^ a b Cite error: The named reference imf was invoked but never defined (see the help page).
  4. ^ Bundeskanzlei - P. "SR 956.1 Bundesgesetz vom 22. Juni 2007 über die Eidgenössische Finanzmarktaufsicht (Finanzmarktaufsichtsgesetz, FINMAG)".