The Swiss Financial Market Supervisory Authority (FINMA) has appointed European Central Bank executive Stefan Walter as its new CEO, effective from 1 April.
He will succeed Urban Angehrn, who stepped down in September 2023 after two years in the role, citing the deterioration of his health from "permanent stress levels" after orchestrating the rescue of Credit Suisse by UBS. Deputy CEO Birgit Rutishauser, who became interim head pending a formal appointment process, will continue to hold the position of FINMA CEO ad interim until 1 April. CEO of Swiss regulator FINMA resigns over 'high and permanent stress level' Most recently, Walter developed the supervision of global systemically important banks at the European Central Bank in Frank...
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