FINMA’s updated Iran sanctions notification of 18 August 2026 marks a precise moment on the clock. At 23:00 that evening, an amendment to Annexes 12, 13 and 14 of the Ordinance of 12 December 2025 on measures against the Islamic Republic of Iran (SR 946.231.143.6) took effect. The Federal Department of Economic Affairs, Education and…
On 12 August 2026, FINMA published two sanctions notifications on the same day: one on Switzerland’s Ukraine ordinance (SR 946.231.176.72) and one on its Moldova ordinance (SR 946.231.156.5). Both notices concern EAER amendments made on 10 August 2026. SECO and Fedlex state that the measures entered into force at 23:00 on 11 August 2026. The…
On 12 August 2026, the Swiss Federal Council opened a consultation on amendments to the Banking Act and the Liquidity Ordinance that would rewrite how the country supervises, disciplines and, if necessary, resolves its largest banks. The consultation runs until 19 November 2026, and it is the legislative core of the Swiss too-big-to-fail reform that…
On 12 January 2026 the Swiss Financial Market Supervisory Authority (FINMA) published Guidance 01/2026, Custody of cryptobased assets, addressing institutions subject to FINMA supervision and identifying banks, securities firms, managers of collective assets and portfolio managers in particular. The document carries a blunt message: it restates the rules that already govern crypto custody in Switzerland…