Dossiers | FINMA

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js-main-list-link">Authorisation</h2> <ul class="main-flyout js-main-flyout" role="menu" aria-expanded="false"> <li class="g-row" role="presentation"> <div class="g-cell s-1of3 flyout-column-left"> <div class="flyout-column-left-wrap e-text"> <div class="flyout-column-left-title">Authorised or registered institutions, persons and products</div> <div class="flyout-column-text-box"> <div class="text-image pull-left"> <img src="/~/media/finma/images/menuicons/finma_icon_bewilligung.png?h=64&iar=0&w=64&hash=C59AF4AB210953925B44A1CBEDE5FD8F" alt="Authorisation icon" width="64" height="64" /> </div> <div class="flyout-column-text">These companies, persons and products have a licence and are permitted to operate on the financial market.</div> </div> </div> </div> <div class="g-cell s-1of3 flyout-column-center"> <div class="flyout-column-center-wrap"> <span class="flyout-column-title">Getting authorised</span> <ul class="flyout-column-list" role="menu"> <li role="presentation"> <a href="/en/authorisation/authorisation-overview/" title="Authorisation" role="menuitem">Authorisation</a> </li> <li role="presentation"> <a href="/en/authorisation/types-of-licensing/" title="Types of authorisation" role="menuitem">Types of authorisation</a> </li> <li role="presentation"> <a href="/en/authorisation/banks-and-securities-firms/" title="Banks and securities firms" role="menuitem">Banks and securities firms</a> </li> <li role="presentation"> <a href="/en/authorisation/insurers/" title="Insurers" role="menuitem">Insurers</a> </li> <li role="presentation"> <a href="/en/authorisation/insurance-intermediaries/" title="Insurance intermediaries" role="menuitem">Insurance intermediaries</a> </li> <li role="presentation"> <a href="/en/authorisation/asset-management/" title="Asset management" role="menuitem">Asset management</a> </li> <li role="presentation"> <a href="/en/authorisation/portfolio-managers-and-trustees/" title="Portfolio managers and trustees" role="menuitem">Portfolio managers and trustees</a> </li> <li role="presentation"> <a href="/en/authorisation/supervisory-organisations/" title="Supervisory organisations" role="menuitem">Supervisory organisations</a> </li> <li role="presentation"> <a href="/en/authorisation/vertretungen-auslaendischer-finanzinstitute-gemaess-finig/" title="Representative offices of financial institutions based outside Switzerland under FinIA" role="menuitem">Representative offices of financial institutions based outside Switzerland under FinIA</a> </li> <li role="presentation"> <a href="/en/authorisation/self-regulatory-organisations-sros/" title="Self-regulatory organisations (SROs)" role="menuitem">Self-regulatory organisations (SROs)</a> </li> <li role="presentation"> <a href="/en/authorisation/financial-market-infrastructures-and-foreign-market-participants/" title="Financial market infrastructures and foreign market participants" role="menuitem">Financial market infrastructures and foreign market participants</a> </li> <li role="presentation"> <a href="/en/authorisation/rating-agencies/" title="Rating agencies" role="menuitem">Rating agencies</a> </li> <li role="presentation"> <a href="/en/authorisation/registrierungsstelle/" title="Registration body" role="menuitem">Registration body</a> </li> <li role="presentation"> <a href="/en/authorisation/ombudsmen-for-financial-service-providers/" title="Ombudsmen for financial service providers" role="menuitem">Ombudsmen for financial service providers</a> </li> <li role="presentation"> <a href="/en/authorisation/pruefstelle-fuer-prospekte/" title="Reviewing body for prospectuses" role="menuitem">Reviewing body for prospectuses</a> </li> <li role="presentation"> <a href="/en/authorisation/fintech/" title="FinTech" role="menuitem">FinTech</a> </li> </ul> </div> </div> <div class="g-cell s-1of3 flyout-column-right"> <div class="flyout-column-right-wrap"> <a class="flyout-column-link" href="/en/finma-public/authorised-institutions-individuals-and-products/">Authorised or registered institutions, persons and products</a> <div class="flyout-column-text">These companies, persons and products have a licence and are permitted to operate on the financial market.</div> <a class="flyout-column-link" href="/en/finma-public/warnungen/">Warning list</a> <div class="flyout-column-text">These companies are not authorised and may be engaging in financial market activity without the requisite licence.</div> </div> </div> </li> </ul> </li> <li class="main-list-item js-main-list-item" role="presentation" aria-haspopup="true"> <h2 class="main-list-link js-main-list-link">Supervision</h2> <ul class="main-flyout js-main-flyout" role="menu" aria-expanded="false"> <li class="g-row" role="presentation"> <div class="g-cell s-1of3 flyout-column-left"> <div class="flyout-column-left-wrap e-text"> <a class="flyout-column-link" href="/en/supervision/our-approach-to-supervision/">Our approach to supervision</a> <div class="flyout-column-text-box"> <div class="text-image pull-left"> <img src="/~/media/finma/images/menuicons/finma_icon_ueberwachung.png?h=64&iar=0&w=64&hash=EBB252A54B6BD7EA0CDB0475CA196855" alt="Supervision icon" width="64" height="64" /> </div> <div class="flyout-column-text">FINMA’s core task is prudential supervision of the financial market. It also uses private audit companies to extend its reach.</div> </div> </div> </div> <div class="g-cell s-1of3 flyout-column-center"> <div class="flyout-column-center-wrap"> <span class="flyout-column-title">Information about supervision of…</span> <ul class="flyout-column-list" role="menu"> <li role="presentation"> <a href="/en/supervision/our-approach-to-supervision/" title="Our approach to supervision" role="menuitem">Our approach to supervision</a> </li> <li role="presentation"> <a href="/en/supervision/cross-sector-issues/" title="Cross-sector issues" role="menuitem">Cross-sector issues</a> </li> <li role="presentation"> <a href="/en/supervision/banks-and-securities-firms/" title="Banks and securities firms" role="menuitem">Banks and securities firms</a> </li> <li role="presentation"> <a href="/en/supervision/insurers/" title="Insurers" role="menuitem">Insurers</a> </li> <li role="presentation"> <a href="/en/supervision/versicherungsvermittler/" title="Insurance intermediaries" role="menuitem">Insurance intermediaries</a> </li> <li role="presentation"> <a href="/en/supervision/asset-management/" title="Asset Management" role="menuitem">Asset Management</a> </li> <li role="presentation"> <a href="/en/supervision/portfolio-managers-and-trustees/" title="Portfolio managers and trustees" role="menuitem">Portfolio managers and trustees</a> </li> <li role="presentation"> <a href="/en/supervision/supervisory-organisations/" title="Supervisory organisations" role="menuitem">Supervisory organisations</a> </li> <li role="presentation"> <a href="/en/supervision/self-regulatory-organisations-sros/" title="Self-regulatory organisations (SROs)" role="menuitem">Self-regulatory organisations (SROs)</a> </li> <li role="presentation"> <a href="/en/supervision/financial-market-infrastructures/" title="Financial market infrastructures" role="menuitem">Financial market infrastructures</a> </li> <li role="presentation"> <a href="/en/supervision/central-mortgage-bond-institutions/" title="Central mortgage bond institutions" role="menuitem">Central mortgage bond institutions</a> </li> <li role="presentation"> <a href="/en/supervision/fintech/" title="FinTech" role="menuitem">FinTech</a> </li> </ul> </div> </div> <div class="g-cell s-1of3 flyout-column-right"> <div class="flyout-column-right-wrap"> <a class="flyout-column-link" href="/en/supervision/banks-and-securities-firms/categorisation/">Risk categories in the banking sector</a> <div class="flyout-column-text">FINMA assigns banks to different risk categories.</div> <a class="flyout-column-link" href="/en/supervision/insurers/categorisation/">Risk categories in the insurance sector</a> <div class="flyout-column-text">FINMA assigns insurers to different risk categories.</div> </div> </div> </li> </ul> </li> <li class="main-list-item js-main-list-item" role="presentation" aria-haspopup="true"> <h2 class="main-list-link js-main-list-link">Enforcement</h2> <ul class="main-flyout js-main-flyout" role="menu" aria-expanded="false"> <li class="g-row" role="presentation"> <div class="g-cell s-1of3 flyout-column-left"> <div class="flyout-column-left-wrap e-text"> <a class="flyout-column-link" href="/en/enforcement/all-about-enforcement/">Enforcing supervisory law</a> <div class="flyout-column-text-box"> <div class="text-image pull-left"> <img src="/~/media/finma/images/menuicons/finma_icon_durchsetzung.png?h=64&iar=0&w=64&hash=DD5B067C17728DE511F0D115D366BC67" alt="Enforcement icon" width="64" height="64" /> </div> <div class="flyout-column-text"><p style="margin: 0cm 0cm 0pt;">Where necessary, FINMA enforces supervisory law using coercive measures under administrative law. Find out about its powers, approach and measures for dealing with violations of the law here.</p></div> </div> </div> </div> <div class="g-cell s-1of3 flyout-column-center"> <div class="flyout-column-center-wrap"> <span class="flyout-column-title">Enforcement topics</span> <ul class="flyout-column-list" role="menu"> <li role="presentation"> <a href="/en/enforcement/all-about-enforcement/" title="All about Enforcement" role="menuitem">All about Enforcement</a> </li> <li role="presentation"> <a href="/en/enforcement/licence-holders/" title="Licence holders" role="menuitem">Licence holders</a> </li> <li role="presentation"> <a href="/en/enforcement/unauthorised-activities/" title="Unauthorised activities" role="menuitem">Unauthorised activities</a> </li> <li role="presentation"> <a href="/en/enforcement/market-supervision/" title="Market supervision" role="menuitem">Market supervision</a> </li> <li role="presentation"> <a href="/en/enforcement/enforcement-tools/" title="Enforcement tools" role="menuitem">Enforcement tools</a> </li> <li role="presentation"> <a href="/en/enforcement/database-for-assessing-fitness-and-propriety-requirements/" title="Database for assessing fitness and propriety requirements" role="menuitem">Database for assessing fitness and propriety requirements</a> </li> <li role="presentation"> <a href="/en/enforcement/recovery-and-resolution/" title="Recovery and resolution" role="menuitem">Recovery and resolution</a> </li> <li role="presentation"> <a href="/en/enforcement/national-and-international-cooperation/" title="National and international cooperation" role="menuitem">National and international cooperation</a> </li> <li role="presentation"> <a href="/en/enforcement/parties-rights-and-obligations/" title="Rights and obligations" role="menuitem">Rights and obligations</a> </li> <li role="presentation"> <a href="/en/enforcement/case-reports-and-court-decisions/" title="Case reports and court decisions" role="menuitem">Case reports and court decisions</a> </li> </ul> </div> </div> <div class="g-cell s-1of3 flyout-column-right"> <div class="flyout-column-right-wrap"> <a class="flyout-column-link" href="/en/documentation/finma-publications/kennzahlen-und-statistiken/statistiken/enforcement/">Enforcement report</a> <div class="flyout-column-text">The enforcement report contains anonymised case studies that offer a more in-depth insight into FINMA’s enforcement activities.</div> <a class="flyout-column-link" href="/en/finma-public/warnungen/">Warning list</a> <div class="flyout-column-text">This is a list of companies and individuals that may be operating without the requisite FINMA authorisation.</div> </div> </div> </li> </ul> </li> <li class="main-list-item js-main-list-item" role="presentation" aria-haspopup="true"> <h2 class="main-list-link js-main-list-link state-active">Documentation</h2> <ul class="main-flyout js-main-flyout" role="menu" aria-expanded="false"> <li class="g-row" role="presentation"> <div class="g-cell s-1of3 flyout-column-left"> <div class="flyout-column-left-wrap e-text"> <a class="flyout-column-link" href="/en/documentation/finma-s-legal-basis/">FINMA’s legal basis</a> <div class="flyout-column-text-box"> <div class="text-image pull-left"> <img src="/~/media/finma/images/menuicons/finma_icon_dokumentation.png?h=64&iar=0&w=64&hash=42C3971FE452D2643DEB60C25197EEC0" alt="Documentation icon" width="64" height="64" /> </div> <div class="flyout-column-text">The financial market laws and the Financial Market Supervision Act provide the basis for FINMA’s activities. FINMA reports in detail on the fulfilment of its aims.</div> </div> </div> </div> <div class="g-cell s-1of3 flyout-column-center"> <div class="flyout-column-center-wrap"> <span class="flyout-column-title">Information on…</span> <ul class="flyout-column-list" role="menu"> <li role="presentation"> <a href="/en/documentation/finma-s-legal-basis/" title="Legal basis for FINMA’s activities" role="menuitem">Legal basis for FINMA’s activities</a> </li> <li role="presentation"> <a href="/en/documentation/legal-basis/" title="Legal basis" role="menuitem">Legal basis</a> </li> <li role="presentation"> <a href="/en/documentation/circulars/" title="Circulars" role="menuitem">Circulars</a> </li> <li role="presentation"> <a href="/en/documentation/consultations/" title="Consultations and evaluations" role="menuitem">Consultations and evaluations</a> </li> <li role="presentation"> <a href="/en/documentation/finma-s-position/" title="FINMA position statements" role="menuitem">FINMA position statements</a> </li> <li role="presentation"> <a href="/en/documentation/finma-guidance/" title="FINMA Guidance" role="menuitem">FINMA Guidance</a> </li> <li role="presentation"> <a href="/en/documentation/finma-publications/" title="FINMA publications" role="menuitem">FINMA publications</a> </li> <li role="presentation"> <a href="/en/documentation/finma-videos/" title="FINMA videos" role="menuitem">FINMA videos</a> </li> <li role="presentation"> <a href="/en/documentation/dossier/" title="Dossiers" role="menuitem">Dossiers</a> </li> <li role="presentation"> <a href="/en/documentation/enforcement-reporting/" title="Enforcement reporting" role="menuitem">Enforcement reporting</a> </li> <li role="presentation"> <a href="/en/documentation/insurance-law-rulings/" title="Insurance law rulings" role="menuitem">Insurance law rulings</a> </li> <li role="presentation"> <a href="/en/documentation/self-regulation/" title="Self-regulation" role="menuitem">Self-regulation</a> </li> <li role="presentation"> <a href="/en/documentation/international-sanctions-and-combating-terrorism/" title="Sanctions and FATF statements" role="menuitem">Sanctions and FATF statements</a> </li> <li role="presentation"> <a href="/en/documentation/archiv/" title="Archive" role="menuitem">Archive</a> </li> </ul> </div> </div> <div class="g-cell s-1of3 flyout-column-right"> <div class="flyout-column-right-wrap"> <a class="flyout-column-link" target="_blank" rel="noopener noreferrer" href="http://www.admin.ch/opc/en/classified-compilation/20052624/index.html">Financial Market Supervision Act</a> <div class="flyout-column-text">The legal basis for FINMA as an authority, setting out its tasks and powers.</div> <a class="flyout-column-link" href="/en/documentation/finma-publications/annual-reports--and-financial-statements/">Annual report and financial statements</a> <div class="flyout-column-text">FINMA gives a full account of its activities in its annual report.</div> </div> </div> </li> </ul> </li> <li class="main-list-item js-main-list-item" role="presentation" aria-haspopup="true"> <h2 class="main-list-link js-main-list-link">FINMA</h2> <ul class="main-flyout js-main-flyout" role="menu" aria-expanded="false"> <li class="g-row" role="presentation"> <div class="g-cell s-1of3 flyout-column-left"> <div class="flyout-column-left-wrap e-text"> <a class="flyout-column-link" href="/en/finma/finma-an-overview/">FINMA – an overview</a> <div class="flyout-column-text-box"> <div class="text-image pull-left"> <img src="/~/media/finma/images/menuicons/finma_icon_behoerde.png?h=64&iar=0&w=64&hash=ED57AB81A75632D24584A132CD7D6DE6" alt="FINMA icon" width="64" height="64" /> </div> <div class="flyout-column-text">As an independent supervisor of the Swiss financial market, FINMA is institutionally, functionally and financially independent.</div> </div> </div> </div> <div class="g-cell s-1of3 flyout-column-center"> <div class="flyout-column-center-wrap"> <span class="flyout-column-title"></span> <ul class="flyout-column-list" role="menu"> <li role="presentation"> <a href="/en/finma/finma-an-overview/" title="FINMA – an overview " role="menuitem">FINMA – an overview </a> </li> <li role="presentation"> <a href="/en/finma/supervisory-objectives/" title="Supervisory objectives" role="menuitem">Supervisory objectives</a> </li> <li role="presentation"> <a href="/en/finma/organisation/" title="Organisation" role="menuitem">Organisation</a> </li> <li role="presentation"> <a href="/en/finma/working-at-finma/" title="Working at FINMA" role="menuitem">Working at FINMA</a> </li> <li role="presentation"> <a href="/en/finma/activities/" title="Activities" role="menuitem">Activities</a> </li> <li role="presentation"> <a href="/en/finma/auditing/" title="Auditing" role="menuitem">Auditing</a> </li> <li role="presentation"> <a href="/en/finma/finma-mandataries/" title="FINMA mandataries" role="menuitem">FINMA mandataries</a> </li> <li role="presentation"> <a href="/en/finma/national-cooperation/" title="National cooperation" role="menuitem">National cooperation</a> </li> <li role="presentation"> <a href="/en/finma/international-activities/" title="International activities" role="menuitem">International activities</a> </li> <li role="presentation"> <a href="/en/finma/digital-exchange/" title="Digital exchange" role="menuitem">Digital exchange</a> </li> <li role="presentation"> <a href="/en/finma/making-a-report/" title="Making a report" role="menuitem">Making a report</a> </li> </ul> </div> </div> <div class="g-cell s-1of3 flyout-column-right"> <div class="flyout-column-right-wrap"> <a class="flyout-column-link" target="_blank" rel="noopener noreferrer" href="/~/media/finma/dokumente/dokumentencenter/myfinma/6finmapublic/finma-ein-portraet.pdf?sc_lang=en&hash=0CADEB898C65A2CEAF6A410126A5190A">FINMA: A Portrait</a> <div class="flyout-column-text"><p style="margin: 0cm 0cm 0pt;"><span>Supervision of the financial sector calls for a strong, competent, independent regulator. This brochure illustrates how FINMA meets these criteria.</span></p></div> <a class="flyout-column-link" href="/en/documentation/finma-publications/annual-reports--and-financial-statements/">Annual Report</a> <div class="flyout-column-text">FINMA accounts for its supervisory activities in its annual report and annual financial statements.</div> </div> </div> </li> </ul> </li> <li class="finma-public-item" style="display: block;" role="presentation" aria-haspopup="true"> <a class="e-btn btn-finma-public" role="menuitem" title="FINMA Public" href="/en/finma-public/">FINMA Public</a> </li> </ul> </div> </nav> </div> </header> <div class="l-body l-sub"> <div class="l-background"> </div> <div class="l-content-wrapper l-wrap"> <div class="g-row"> <div class="l-bread"> <div class="mod-breadcrumb"> <ul class="breadcrumb-list"> <li><a href="/en/">Home </a></li> <li><a href="/en/documentation/">Documentation </a></li> <li><a href="/en/documentation/dossier/">Dossiers </a></li> </ul> </div> </div> <div class="g-cell s-flex"> <div class="l-content l-left--right"> <div class="l-main"> <div class="e-text text-heading-underline"> <h1>Dossiers</h1> </div> <div class="mod mod-content"> <div class="e-text"> <div class="text-lead-intro"> FINMA collates its various publications on selected topics in a dossier. FINMA has compiled such dossiers on the following key subjects.</div> </div> </div> <div class="mod mod-image-text-big"> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">Dossier on small insurers</h2> <div class="mod-image-text-big__content e-text"> <p>FINMA’s small insurers regime seeks to increase the efficiency of regulation and supervision for small, solid institutions. Since the entry into force of the revised Insurance Supervision Act (ISA) and Insurance Supervision Ordinance (ISO), insurance companies in supervisory categories 4 and 5 can benefit from regulatory exemptions if certain conditions are met. On this page you will find information about the small insurer symposium. The small insurers regime is described on this page.</p> </div> <a href="/en/documentation/dossier/dossier-kleinversicherer/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> </div><div class="mod mod-image-text-big"> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">Dossier on portfolio managers and trustees</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-vvtt/img-dossier-vmvt.png?sc_lang=en" alt="Dossier Vermögensverwaltung und Trustees"> <div class="mod-image-text-big__content e-text"> <p>Portfolio managers and trustees must be authorised by FINMA in order to carry out their activities and are supervised by a supervisory organisation. The authorisation conditions are set out in the Financial Institutions Act (FinIA). Details of the authorisation process, transitional provisions and information about further topics as well as developments are provided on this page.</p> </div> <a href="/en/documentation/dossier/dossier-vermoegensverwalter-und-trustees/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">Dossier on Sustainable Finance</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-green-finance/img-green-finance.png" alt="Dossier Green Finance"> <div class="mod-image-text-big__content e-text"> <p>Sustainability is a significant challenge for the financial markets, which is why FINMA, as the supervisory authority, is also actively addressing this issue. In its strategic goals for 2021–2024, FINMA committed to contributing to the sustainable development of the Swiss financial centre. In line with its mandate, FINMA’s focus is on the associated potential financial risks and client protection issues. This web dossier contains FINMA’s key information about this topic.</p> </div> <a href="/en/documentation/dossier/dossier-sustainable-finance/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> </div><div class="mod mod-image-text-big"> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">Dossier on the mortgage market</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-hypothekarmarkt/img-hypothekarmarkt.png" alt="Dossier Hypothekarmarkt"> <div class="mod-image-text-big__content e-text"> <p> The volume of mortgages in Switzerland is significant and has increased considerably over the years. This raises the risk of an overheating of the real estate market. FINMA works to ensure that mortgage lending is sustainable and that the solvency of banks is not put at risk. This page provides key information on this topic.</p> </div> <a href="/en/documentation/dossier/dossier-hypothekarmarkt/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">FinTech dossier</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-fintec/tmb-img-fintech.png?sc_lang=en" alt="Fintech"> <div class="mod-image-text-big__content e-text"> <p> Innovation is an important part of maintaining competitiveness in the Swiss financial centre. FINMA pays close attention to the challenges arising from FinTech regarding licensing requirements, supervision and regulation. This page provides key information on this topic.</p> </div> <a href="/en/documentation/dossier/dossier-fintech/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> </div><div class="mod mod-image-text-big"> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">Dossier on cyber risks</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-cyberrisiken/img-cyberrisiken.png" alt="Cyberrisiken"> <div class="mod-image-text-big__content e-text"> <p> Cyber risks are one of the most significant operational risks facing financial institutions. FINMA is therefore looking closely at the issue and has increased the intensity of its supervision. This page provides key information on this topic.</p> </div> <a href="/en/documentation/dossier/dossier-cyberrisiken/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">Dossier on money laundering prevention</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-geldwaeschereibekaempfung/tmb-geldwaescherei.png" alt="Geldwäschereibekämpfung"> <div class="mod-image-text-big__content e-text"> <p>Preventing money laundering is an important part of FINMA's work. This page provides key information on this topic.</p> </div> <a href="/en/documentation/dossier/dossier-geldwaeschereibekaempfung/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> </div><div class="mod mod-image-text-big"> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">Dossier on small banks</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-kleinbanken/kleinbanken-1.png" alt="Kleinbanken"> <div class="mod-image-text-big__content e-text"> <p> FINMA seeks to increase efficiency in regulation and supervision for small and particularly solid institutions. The goal is to reduce the regulatory burden on the smallest banks without jeopardising their stability and safety. This page provides key information on this topic.</p> </div> <a href="/en/documentation/dossier/dossier-kleinbanken/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> <div class="mod-image-text-big__item"> <h2 class="mod-image-text-big__headline">"Too big to fail" dossier</h2> <img class="mod-image-text-big__image" src="/~/media/finma/images/content/dossier-tbtf/tmb-tbtf_de.png?sc_lang=en" alt="tbtf"> <div class="mod-image-text-big__content e-text"> <p>Systemically important financial institutions can jeopardise entire economies in the event of a disorderly failure and are therefore regarded as “too big to fail” (TBTF). Following the financial crisis of 2007/2008, the Swiss legislator promulgated special rules for the stabilisation, restructuring or liquidation of such institutions. Every year FINMA reports on the progress of this recovery and resolution planning.</p> </div> <a href="/en/documentation/dossier/dossier-too-big-to-fail/" class="mod-image-text-big__link e-text text-link-std bold">To the content</a> </div> </div> </div> <div class="l-sidebar"> </div> </div> </div> </div> </div> <div class="l-background-image-container js-l-background-image-container"> <img class="l-background-image js-l-background-image" src="/Frontend/Finma/assets/img/content/background-image-grey.png" width="1920" height="620" alt="Backgroundimage" /> </div> </div> <footer class="l-footer-wrapper" role="contentinfo"> <div class="js-l-footer-scroll-anchor" style="height: 1px;"></div> <div class="l-footer l-wrap"> <div class="l-footer-top"> <div class="g-row"> <div class="g-cell s-3of5"> <div class="mod-footer">  <ul class="footer-adress-list"> <li> <span itemprop="name" class="footer-adress-title">Swiss Financial Market Supervisory Authority FINMA</span> </li> <li> <p 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