The Swiss Financial Market Supervisory Authority
(FINMA) has appointed Stefan Walter as the new CEO. Scheduled to assume office
on April 1, 2024, Walter’s background as the former Director General at the
European Central Bank (ECB) positions him as a seasoned leader with extensive
international banking supervision experience.
Stefan Walter, a 59-year-old German national, brings
a wealth of expertise to FINMA, stemming from his significant roles in global
financial institutions. Having served as the Director General at the ECB since
2014, Walter initially oversaw the supervision of systemic banks in the
eurozone, including nine global systemically important banks (G-SIBs).
His six-year leadership in this capacity culminated
in a transition to overseeing horizontal risk supervision in 2020, covering
various risk categories such as credit and liquidity risks and spearheading stress tests.
Marlene Amstad, the Chair of FINMA’s Board of
Directors, mentioned: “FINMA is gaining an experienced leader in Stefan
Walter with a wealth of international financial market experience in banking
supervision. Particularly, his knowledge in the area of large bank supervision
and his links to international supervisory authorities will be a great asset
for FINMA’s supervision of the systemically important Swiss banks.”
#FINMA: Stefan Walter wird neuer Direktor https://t.co/9PaS7OXmgB pic.twitter.com/ThuXY8gaIw
— Eidgenössische Finanzmarktaufsicht FINMA (@FINMA_media) January 24, 2024
Before his tenure at the ECB, Walter served as the
Global Bank Regulatory and Supervisory Policy Network Leader at Ernst &
Young for two years. Notably, from 2006 to 2011, he was Secretary General of
the Basel Committee on Banking Supervision.
During this period, he orchestrated international
negotiations on regulatory reforms, crucial for fortifying the global financial
system during the aftermath of the global financial crisis, FINMA noted in a
statement published on its website today (Wednesday).
Expect ongoing updates as this story evolves.
The Swiss Financial Market Supervisory Authority
(FINMA) has appointed Stefan Walter as the new CEO. Scheduled to assume office
on April 1, 2024, Walter’s background as the former Director General at the
European Central Bank (ECB) positions him as a seasoned leader with extensive
international banking supervision experience.
Stefan Walter, a 59-year-old German national, brings
a wealth of expertise to FINMA, stemming from his significant roles in global
financial institutions. Having served as the Director General at the ECB since
2014, Walter initially oversaw the supervision of systemic banks in the
eurozone, including nine global systemically important banks (G-SIBs).
His six-year leadership in this capacity culminated
in a transition to overseeing horizontal risk supervision in 2020, covering
various risk categories such as credit and liquidity risks and spearheading stress tests.
Marlene Amstad, the Chair of FINMA’s Board of
Directors, mentioned: “FINMA is gaining an experienced leader in Stefan
Walter with a wealth of international financial market experience in banking
supervision. Particularly, his knowledge in the area of large bank supervision
and his links to international supervisory authorities will be a great asset
for FINMA’s supervision of the systemically important Swiss banks.”
#FINMA: Stefan Walter wird neuer Direktor https://t.co/9PaS7OXmgB pic.twitter.com/ThuXY8gaIw
— Eidgenössische Finanzmarktaufsicht FINMA (@FINMA_media) January 24, 2024
Before his tenure at the ECB, Walter served as the
Global Bank Regulatory and Supervisory Policy Network Leader at Ernst &
Young for two years. Notably, from 2006 to 2011, he was Secretary General of
the Basel Committee on Banking Supervision.
During this period, he orchestrated international
negotiations on regulatory reforms, crucial for fortifying the global financial
system during the aftermath of the global financial crisis, FINMA noted in a
statement published on its website today (Wednesday).
Expect ongoing updates as this story evolves.
