Regulatory Alerts2025-03-05
FINMA Circular 2025/4 Consolidated supervision of financial groups under the BA and FinIA
FINMA issued Circular 2025/4 to define its practice regarding the consolidated supervision of financial groups under the Banking Act and Financial Institutions Act, effective 1 July 2025. The document establishes that consolidated supervision is the standard requirement for financial groups, while ring-fencing measures are permitted only as exceptional alternatives. It details the regulatory scope of consolidation based on financial sector activity and interconnected systems, alongside specific qualitative and quantitative group-wide provisions for capital, liquidity, and governance.
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