Switzerland's Federal Department of Finance (FDF) published a status update to the Federal Council on implementation of the twelve priority areas set out in the Federal Council’s 2022 digital finance report, positioning them as the basis for improving the competitiveness and attractiveness of the Swiss financial centre. The update summarises measures already initiated or completed since 2022 and sets out additional analyses and reviews planned across several workstreams. Key ongoing and delivered steps include a consultation on proposals to improve the current fintech licence and provide more reliable rules for the handling of stablecoins and other cryptocurrencies, and the integration of the Financial Innovation Desk into the State Secretariat for International Finance in an optimised form on 1 September 2025 after a two-year pilot. The update also points to open finance initiatives in banking (including multibanking) with a separate review planned by the end of the year, the continuation of green fintech activity following the Green Fintech Network’s conversion into an association in 2023, and strengthened cooperation on cyber-resilience and anti-money laundering and counter-terrorist financing through public-private initiatives. Next steps include a sectoral analysis on whether financial market law requires action in relation to artificial intelligence, an in-depth assessment of the need for action on cloud computing and outsourcing with a focus on avoiding risks to financial stability, and continued work to support FINMA’s adoption of regtech and suptech. The FDF also plans ongoing monitoring of national and international work on data use and data flows (including e-ID) alongside a review of whether further measures are needed, and continued international engagement in bodies such as the Financial Stability Board and the International Monetary Fund to advocate innovation-friendly global standards and improved international market access.

Original source View in tracker