Switzerland: Financial Sector Assessment Program-Technical Note on Cyber Risk Supervision

International Monetary Fund

No 2025/296, IMF Staff Country Reports from International Monetary Fund

Abstract: Cyber security is recognized as one of the major risks in Switzerland by both authorities and financial market players. With the advancement of digitalization in Switzerland, cyber incidents have been increasing in frequency and sophistication, including in the financial sector. Both the Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA), the key institutions overseeing cyber risk, are tagging it as a significant threat to the financial sector.

Keywords: IMF staff; financial market supervision; market infrastructure; staff team; supervision Act; Cyber risk; Financial sector; Operational risk; Global (search for similar items in EconPapers)
Pages: 36
Date: 2025-11-13
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