Recovery and Resolution division
One of FINMA’s core tasks is supervising the efforts made by licence holders to recover from difficulties they encounter (recovery) as well as carrying out restructuring or resolution proceedings at supervised institutions. This applies in particular to precautionary measures required at systemically important institutions. These responsibilities are assumed by FINMA’s Recovery and Resolution division.
FINMA is responsible for measures to stabilise companies subject to financial market laws in the event of a crisis, for the emergency and resolution planning of supervised institutions as well as the execution of restructuring, liquidation and insolvency proceedings.
The competencies of FINMA in the area of recovery and resolution differ depending on the supervisory area. They include preventive supervision, intervention in acute crises and the resolution of solvent or insolvent companies. FINMA can initiate recovery and resolution measures at licensed and non-licensed institutions, at group holding and significant group companies of banking and insurance groups.
