Regulatory & Compliance
Risk management of fund management companies and managers of collective assets: Overview of FINMA Guidance 04/2024
The importance of operational risk management for financial institutions continues to grow. On June 12, 2024, FINMA published Guidance 04/2024 on the management of operational risks of fund management companies and managers of collective assets. This communication underlines the regulator's efforts to strengthen risk management among all supervised financial market participants and presents possible measures for the institutions concerned. Our article summarizes the key measures and highlights their potential impact on financial institutions that are not directly covered by the supervisory communication.