FINMA, or the Swiss Financial Market Supervisory Authority, is the regulatory authority for the financial market in Switzerland. It oversees banks, insurance companies, stock exchanges, securities dealers, and other financial intermediaries in Switzerland. The main tasks of FINMA are:
- Investor Protection: Ensuring the protection of investors' interests.
- Proper Functioning of Financial Markets: Guaranteeing the proper functioning of financial markets.
- Stability of the Financial System: Monitoring and promoting the stability of the financial system in Switzerland.
In summary:
- FINMA: Swiss Financial Market Supervisory Authority
- Main Tasks: Investor protection, proper functioning of financial markets, stability of the financial system
- Headquarters: Bern, Switzerland
FINMA issues regulations, conducts supervision, and enforces measures to ensure the integrity and stability of the Swiss financial system.