Systemically important financial institutions can jeopardise entire economies in the event of a disorderly failure and are therefore referred to 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. The rules require higher capital and liquidity buffers as well as plans for recovery and resolution. FINMA sets out the progress that has been made by all the systemically important Swiss institutions in recovery and resolution planning in a report. This creates transparency about the current state of emergency planning for systemically important banks.