In August 2013, the Swiss Financial Market Supervisory Authority FINMA issued a position paper on the resolution of globally systemically important banks. With its new policy in relation to the importance of a bail-in strategy for large financial institutions FINMA joined regulators in the United States, Europe and elsewhere to focus on a bail in of troubled financial institutions rather than a bail-out by tax payers or a liquidation.

By René Bösch (Reference: CapLaw-2014-4)