Media

At its meeting on 25 June 2025, the Federal Council took note of the resignation of Rene W. Keller from the Board of Directors of the Swiss Financial Market Supervisory Authority FINMA, and thanked him for his service.

At its meeting on 25 June 2025, the Federal Council decided to pause the revision of the ordinance on climate disclosures for companies. While the revision was broadly welcomed during the consultation phase, on 21 March 2025 the Federal Council requested that possible variants for a pragmatic amendment of the provisions on sustainability reporting be drawn up. For this reason, implementation of the ordinance on climate disclosures for companies is to be paused until there is clarity about these amendments, and about regulatory developments in the European Union.

The Federal Department of Finance is contesting the decision of the Federal Administrative Court (FAC), which found that the reduction or cancellation of variable remuneration for former members of Credit Suisse management was illegal. The FDF has decided to lodge an appeal with the Federal Supreme Court, which will make a final decision on the matter.