New FINMA Circular 2025/4 on Consolidated Supervision of Financial Groups

Luca Bianchi, Dr. Armin Kühne, Dr. Dominik Oberholzer, Sarah Mostafa, Yusuf Sume

The Swiss Financial Market Supervisory Authority FINMA has released its new circular 2025/4 “Consolidated Supervision of Financial Groups under the BA and FinIA.”

The circular clarifies FINMA’s supervisory practices regarding the scope and content of consolidated supervision and will enter into force on 1 July 2025.

In our latest newsletter, we analyze the practical implications of this new circular and highlight key areas that financial groups should address in their implementation efforts.

Our experts Luca Bianchi, Armin Kühne, Dominik Oberholzer, Sarah Mostafa, Michael Kremer, and Yusuf Sume share their insights and are happy to assist with any questions you may have.

Read the newsletter: New FINMA Circular 2025/4 on Consolidated Supervision of Financial Groups