Insights

On December 16, 2025, FINMA opened the consultation on an amendment to FINMA Circular 2016/7 "Video and online identification." The aim is to adapt the existing regulations to technological developments and new legal requirements. In particular, the Federal Act on Electronic Identification Services ("e-ID Act"), which is expected to come into force in mid-2026, will be taken into account. The changes are relevant for all financial service providers who identify new customers electronically.

Unpredictable events or legal violations can suddenly plunge companies and their managers into a crisis situation.

FINMA Circular 2023/1 “Operational risks and resilience – banks” comes into force on 1 January 2024. When the revised FINMA Circular comes into force, significant adjustments will be made in the areas of information and communication technology (ICT) risk management and critical data risk management. New requirements for ensuring operational resilience must also be observed. What are the most important aspects of the circular and what significance does it have for FinIA institutions?