Switzerland: Financial Sector Assessment Program-Technical Note on Financial Market Infrastructure and Fintech Oversight
IMF Staff Country Reports, November 24, 2025
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- Switzerland: Financial Sector Assessment Program-Technical Note on Financial Market Infrastructure and Fintech Oversight
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Bibliographic details
- Published: November 24, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229004831.002
Overview
- Publication title: Switzerland: Financial Sector Assessment Program-Technical Note on Financial Market Infrastructure and Fintech Oversight
- Publication date: November 24, 2025
- Summary statement: The financial market infrastructure (FMI) landscape in Switzerland is efficient and reflective of the advanced nature of the country’s financial market.
Systemically important FMIs (domestic and foreign)
- Domestic systemically important FMIs (all owned by a single group, SIX Group):
- CCP: SIX x-clear Ltd.
- CSD: SIX SIS Ltd.
- RTGS Payment System: SIC
- Foreign FMIs considered systemically important by Swiss authorities:
- CCPs: LCH Ltd and Eurex Clearing AG
- Foreign exchange Payment System: CLS
Market composition, competition, and technology
- The Swiss market includes a range of both domestic and non-domestic FMIs, completing a competitive FMI ecosystem.
- FMIs making use of newer technologies such as DLT are present on the Swiss market.
- Subject areas covered: Blockchain and DLT, Financial institutions, Financial market infrastructure, Financial markets, Fintech, Securities, Technology
- Keywords: Blockchain and DLT, exchange case study, Financial market infrastructure, Fintech, FMI risk management, Global, IMF staff, Project Helvetia, Securities, staff team, supervision Act
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