FINMA considers recovery and resolution planning by the “too big to fail” institutions to be well on track – but there are still gaps

The Swiss Financial Market Supervisory Authority FINMA has provided information on the status of recovery and resolution planning by systemically important Swiss financial institutions. It has approved the recovery plans of the systemically important financial market infrastructures SIX x-clear and SIX SIS for the first time, subject to conditions. FINMA…