Announcement of the Swiss Financial Market Supervisory Authority in 2025: A Forward - looking Key Action for Financial Stability

The first half of 2025 will be an important time node for the Swiss financial market. The Swiss government has clearly stated that an announcement will be made regarding the supervisory tools of the Financial Market Supervisory Authority at that time. This measure is of great significance and is a crucial follow - up action to the bank stability report.

Switzerland's financial system has always occupied a unique position in the global financial structure. The stability of its banks is directly related to the stability of both the domestic and international financial markets. The bank stability report is like a mirror, clearly reflecting the potential risks and stability factors in the current financial system. The upcoming announcement will optimize and clarify the supervisory tools based on the content presented by this mirror.

As an important member of the Swiss financial sector, Credit Suisse's emergency merger report occupies a central position in the considerations of this announcement. The situation of Credit Suisse has, to some extent, highlighted the loopholes and challenges in financial market supervision. This merger is not a simple commercial act; it involves the integration of complex financial assets, risk transfer, and an impact on the entire financial ecosystem. Its emergency merger report has provided valuable first - hand information for the regulatory authorities, enabling regulators to deeply analyze the problems faced by financial institutions under extreme circumstances.

From the perspective of supervisory tools, this announcement is expected to introduce more stringent and detailed regulatory standards. Supervision of capital adequacy ratios may be further strengthened to ensure that banks have sufficient buffer capital when facing various risk shocks. For example, the risk weights of different types of assets may be re - evaluated, and higher capital reserves may be required for high - risk assets to prevent banks from overly relying on high - risk business to obtain profits, thereby reducing potential systemic risks.

Liquidity supervision will also be one of the key contents of the announcement. Against the background of intensified fluctuations in the financial market, it is crucial for banks to maintain sufficient liquidity. Supervisory tools may require banks to establish more perfect liquidity risk management systems, including increasing the reserves of high - quality liquid assets and optimizing liquidity risk monitoring indicators. This will help banks to still be able to meet customers' withdrawal demands and fulfill other payment obligations during periods of market stress, avoiding liquidity crises, just like the liquidity crunch that Credit Suisse faced during the crisis period.

In terms of risk management, the supervisory authority is expected to promote banks to establish more advanced risk management models with the help of this announcement. Not only should traditional credit risks, market risks, and operational risks be accurately evaluated, but also emerging fintech risks, cybersecurity risks, etc. should be given sufficient attention. Banks need to continuously update risk management techniques, using advanced technological means such as big data and artificial intelligence to timely detect and warn of potential risks. At the same time, supervisory tools will require banks to conduct regular stress tests to simulate the viability of banks under extreme market conditions, so as to make response strategies in advance.

In terms of market behavior supervision, the announcement may strengthen the compliance requirements for banks. Banks are prohibited from engaging in unfair competition behaviors, such as misleading sales of financial products and abuse of market dominance. Ensure the fairness, justice, and transparency of the financial market, and protect the legitimate rights and interests of investors and consumers. Banks that violate market behavior rules will be severely punished, and the cost of illegal activities will be increased to fundamentally eliminate the occurrence of illegal behaviors.

From the dimension of international cooperation, the announcement of the supervisory tools of the Swiss Financial Market Supervisory Authority also needs to consider the general trend of international financial supervision. In the globalized financial system, financial markets of various countries are interconnected, and Swiss banks have extensive business contacts with international financial institutions. Therefore, the formulation of supervisory tools needs to be coordinated with international standards, and actively participate in the formulation and improvement of international financial supervision rules. For example, maintain close communication with international financial supervision organizations such as the Basel Committee to ensure that Swiss financial supervision not only complies with the national conditions of the country but also is compatible with the international supervision framework, avoiding the space for regulatory arbitrage.

The release of this announcement will lay a solid foundation for the stable development of the Swiss financial market. It will guide banks to operate more stably and enhance the risk - resistance ability of the entire financial system. At the same time, it will also convey the Swiss government's firm determination to maintain financial stability to the international financial market, enhance the confidence of international investors in the Swiss financial market, and promote the continuous and healthy development of the Swiss financial industry on a global scale. In the future, financial market participants and regulators will closely follow the specific content and implementation effect of this announcement, and jointly promote the Swiss financial market to move towards a new stage of stable development.