The Swiss Monetary Market Supervisory Authority
(FINMA) has appointed Stefan Walter as the brand new CEO. Scheduled to imagine workplace
on April 1, 2024, Walter’s background as the previous Director Common on the
European Central Financial institution (ECB) positions him as a seasoned chief with intensive
worldwide banking supervision expertise.
Stefan Walter, a 59-year-old German nationwide, brings
a wealth of experience to FINMA, stemming from his vital roles in international
monetary establishments. Having served because the Director Common on the ECB since
2014, Walter initially oversaw the supervision of systemic banks within the
eurozone, together with 9 international systemically necessary banks (G-SIBs).
His six-year management on this capability culminated
in a transition to overseeing horizontal threat supervision in 2020, protecting
numerous threat classes corresponding to credit score and liquidity dangers and spearheading stress assessments.
Marlene Amstad, the Chair of FINMA’s Board of
Administrators, talked about: “FINMA is gaining an skilled chief in Stefan
Walter with a wealth of worldwide monetary market expertise in banking
supervision. Notably, his data within the space of enormous financial institution supervision
and his hyperlinks to worldwide supervisory authorities will likely be an excellent asset
for FINMA’s supervision of the systemically necessary Swiss banks.”
#FINMA: Stefan Walter wird neuer Direktor https://t.co/9PaS7OXmgB pic.twitter.com/ThuXY8gaIw
— Eidgenössische Finanzmarktaufsicht FINMA (@FINMA_media) January 24, 2024
Earlier than his tenure on the ECB, Walter served because the
International Financial institution Regulatory and Supervisory Coverage Community Chief at Ernst &
Younger for 2 years. Notably, from 2006 to 2011, he was Secretary Common of
the Basel Committee on Banking Supervision.
Throughout this era, he orchestrated worldwide
negotiations on regulatory reforms, essential for fortifying the worldwide monetary
system through the aftermath of the worldwide monetary disaster, FINMA famous in a
assertion printed on its web site at the moment (Wednesday).
Count on ongoing updates as this story evolves.
The Swiss Monetary Market Supervisory Authority
(FINMA) has appointed Stefan Walter as the brand new CEO. Scheduled to imagine workplace
on April 1, 2024, Walter’s background as the previous Director Common on the
European Central Financial institution (ECB) positions him as a seasoned chief with intensive
worldwide banking supervision expertise.
Stefan Walter, a 59-year-old German nationwide, brings
a wealth of experience to FINMA, stemming from his vital roles in international
monetary establishments. Having served because the Director Common on the ECB since
2014, Walter initially oversaw the supervision of systemic banks within the
eurozone, together with 9 international systemically necessary banks (G-SIBs).
His six-year management on this capability culminated
in a transition to overseeing horizontal threat supervision in 2020, protecting
numerous threat classes corresponding to credit score and liquidity dangers and spearheading stress assessments.
Marlene Amstad, the Chair of FINMA’s Board of
Administrators, talked about: “FINMA is gaining an skilled chief in Stefan
Walter with a wealth of worldwide monetary market expertise in banking
supervision. Notably, his data within the space of enormous financial institution supervision
and his hyperlinks to worldwide supervisory authorities will likely be an excellent asset
for FINMA’s supervision of the systemically necessary Swiss banks.”
#FINMA: Stefan Walter wird neuer Direktor https://t.co/9PaS7OXmgB pic.twitter.com/ThuXY8gaIw
— Eidgenössische Finanzmarktaufsicht FINMA (@FINMA_media) January 24, 2024
Earlier than his tenure on the ECB, Walter served because the
International Financial institution Regulatory and Supervisory Coverage Community Chief at Ernst &
Younger for 2 years. Notably, from 2006 to 2011, he was Secretary Common of
the Basel Committee on Banking Supervision.
Throughout this era, he orchestrated worldwide
negotiations on regulatory reforms, essential for fortifying the worldwide monetary
system through the aftermath of the worldwide monetary disaster, FINMA famous in a
assertion printed on its web site at the moment (Wednesday).
Count on ongoing updates as this story evolves.
