Finma Board of Directors appoints Stefan Walter as new Director
Published: Wednesday, Jan 24th 2024, 12:40
العودة إلى البث المباشر
The Swiss Financial Market Supervisory Authority Finma has found a new Director. The Board of Directors of the supervisory authority has appointed Stefan Walter as the new Director. He will take over from Urban Angehrn, who resigned in September, at the beginning of April 2024.
The new Finma Director has been Director General at the European Central Bank (ECB) since 2014, as the supervisory authority announced on Wednesday. The Federal Council confirmed the appointment at its meeting on Wednesday.
With Stefan Walter, FINMA is gaining an experienced leader with sound international financial market experience in banking supervision, the press release states. The 59-year-old German citizen built up banking supervision for the systemically important banks in the eurozone at the ECB and headed this area for six years. From 2020, he was entrusted with the development of "horizontal supervision" at the ECB, which covers all risk areas.
Interim Director Birgit Rutishauser will now remain Director ad interim until the end of March 2024. In the press release, FINMA President Marlene Amstad thanks her for her "excellent work and dedicated commitment" during the transition period.
Angehrn had resigned from his position as Finma Director at the beginning of October 2023. The reason given at the time was the "heavy and permanent burden" of the position, which had had health consequences. Angehrn's term of office included the CS crisis and the takeover of Switzerland's second-largest bank at the time by competitor UBS.
©كيستون/إسدا
Arabic 
English 
German 
French 
Spanish