Business continuity in the Swiss financial sector
The SNB promotes and supports the Swiss financial sector in its efforts to strengthen its operational resilience. The associated activities are coordinated by the steering committee on financial sector business continuity planning, which is headed by the SNB.
On 6 February 2006, a working group headed by the Swiss National Bank published recommendations on contingency planning and crisis management for the Swiss financial centre. They are contained in the report "Business Continuity Planning in the Swiss Financial Centre". The working group also included representatives of the Swiss Financial Market Supervisory Authority, the operators of key financial market institutions such as SIS Swiss Financial Services Group, SWX Swiss Exchange and the Telekurs Group (as of 2008, all institutions merged under the roof of SIX Group AG), and important participants in the financial centre such as Credit Suisse, PostFinance and UBS.
Three years after its first report, the business continuity planning steering committee published in September 2009 a further review of the status of operational crisis prevention and management in the Swiss financial industry. This latest report highlights, in particular, the progress achieved since the February 2006 release of Business continuity planning in the Swiss financial centre in the areas of crisis prevention and crisis management measures.