FINMA publishes new ordinance on risk diversification for banks and securities firms
Why this matters
FINMA published a new ordinance on risk diversification replacing previous circulars, with implementation effective January 1, 2027. This is informational regulatory guidance on prudential requirements for banks and securities firms, aligned with Basel III reforms. No immediate action required until 2027 implementation date.
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What the FINMA said
The Swiss Financial Market Supervisory Authority FINMA is incorporating two existing circulars on risk diversification at banks and securities firms into a new ordinance. In doing so it is fulfilling the requirement for the format compliance of regulation in accordance with Article 7 paragraph 1 of the Financial…
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Context
Swiss Financial Market Supervisory Authority (FINMA) — Switzerland's financial market supervisor. We track 123 updates from them.
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This update is classified under Prudential / Capital Requirements, Banking & Credit and Capital Markets & Trading.