The Swiss Financial Market Supervisory Authority (FINMA) has found that PostFinance's emergency plan does not yet meet all regulatory requirements. According to FINMA, the emergency plans of Zürcher Kantonalbank (ZKB) and Raiffeisen meet the requirements. The regulator issued its statement on a Wednesday.
PostFinance has met the requirements on additional loss-absorbing funds since the end of 2025 and has developed its alternative strategy further, FINMA said. The options in that strategy for cases where restructuring and continuation of the bank are not possible must still be made more concrete, it added.
FINMA said the amendment to the Postal Act, currently in consultation, is meant to reduce related legal uncertainty. It also approved the stabilisation plans of all three banks again.
The regulator expects the identified gaps to be closed promptly. It will report separately on UBS's crisis planning in late autumn 2026.
Systemically important banks must submit an emergency plan and a stabilisation plan to FINMA every year. The regulator raised its stabilisation planning requirements after the Credit Suisse crisis, and the revised criteria were applied for the first time in the latest assessment cycle.
FINMA noted that the regulatory requirements for domestically focused systemic banks provide for a lower loss-absorption capacity than those for global systemic banks. Swissinfo reported that this is not the first time PostFinance's contingency plans have fallen short of the regulator's expectations.
Related: FINMA imposed CHF250 million capital add-on after Julius Baer breaches
Sources: finma.ch, swissinfo.ch