Recap on the FINMA Objectives 2020:

We contribute among others to objective 7:  “In principle, the cost of supervision will only rise if FINMA’s remit is expanded. Further efficiency gains are achievable through the strict application of risk-based supervision approaches and clear prioritization both in-house and in the regulatory audit process.”

FINMA‘s remit has further expanded, while the resources available to it have remained unchanged. It has been assigned new responsibilities by Parliament and has intensified international cooperation. FINMA has fulfilled those new responsibilities and its own quality standards by increasing efficiency and implementing a strictly risk-oriented approach to supervision. In the future, there is also room to improve the cost-benefit relationship of regulatory audits assigned to third-party firms.

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