## Switzerland: Financial Sector Assessment Program-Technical Note on Financial Market Infrastructure and Fintech Oversight

_IMF Staff Country Reports, November 24, 2025_

## Source details

**Canonical URL:** [Switzerland: Financial Sector Assessment Program-Technical Note on Financial Market Infrastructure and Fintech Oversight](https://www.imf.org/en/publications/cr/issues/2025/11/24/switzerland-financial-sector-assessment-program-technical-note-on-financial-market-572036)

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## Bibliographic details
- Published: November 24, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229004831.002

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### 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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_Source: https://www.imf.org/en/publications/cr/issues/2025/11/24/switzerland-financial-sector-assessment-program-technical-note-on-financial-market-572036_