FINMA assesses the emergency and recovery plans for PostFinance, Raiffeisen and Zürcher Kantonalbank
Why this matters
This regulatory update from FINMA assesses the emergency and recovery plans for three domestic systemically important banks in Switzerland - PostFinance, Raiffeisen, and Zürcher Kantonalbank. This is relevant for the banking and payments sectors, as it relates to prudential requirements and operational resilience. The update indicates that the emergency plans for two of the banks are compliant, while PostFinance's plan is still not ready, which suggests a medium level of urgency.
AI-generated classification rationale, not a full analysis. Verify with the original FINMA source before acting. Full disclaimer.
What the FINMA said
The Swiss Financial Market Supervisory Authority FINMA has completed its annual assessment of the emergency and recovery plans for the domestic systemically important banks. The emergency plans for Zürcher Kantonalbank and Raiffeisen fulfil the regulatory requirements. The emergency plan for PostFinance is still not…
Extract from FINMA . Read the full notice at the source for the authoritative text.
Context
Swiss Financial Market Supervisory Authority (FINMA) — Switzerland's financial market supervisor. We track 123 updates from them.
Swiss financial services are regulated by FINMA. Browse all Switzerland updates.
This update is classified under Prudential / Capital Requirements, Operational Resilience / Outsourcing, Banking & Credit and Payments & E-Money.