The glossary

FINMA

FINMA is Switzerland’s independent financial-markets regulator. Its mandate is to supervise banks, insurance companies, financial institutions, collective investment schemes, and their asset managers and fund management companies. It also regulates insurance intermediaries. It is charged with protecting creditors, investors and policyholders. FINMA is responsible for ensuring that Switzerland’s financial markets function effectively.

Source: https://www.finma.ch/en/finma/finma-an-overview/

Anecdote

The FINMA was founded in 2009 and is headquartered in Bern. The FINMA falls under the supervision of the Department of Finance.