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FINMA Circular 2023/1

This guide provides an overview of the FINMA Circular 2023/1 on Operational Risks and Resilience and Circular 2018/3 on Outsourcing. 

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Escode FINMA Regulation Guide 1


There are two Swiss Financial Market Supervisory Authority (FINMA) regulations relevant to outsourcing and third-party risk management. 

Download our guide to get an overview of the upcoming FINMA Circular 2023/1 and Circular 2018/3. The guide also provides best practice advice on how to achieve compliance before the deadline. 

What's inside:

  • An overview of FINMA Circular 2023/1 and when it comes into effect.
  • An overview of FINMA Outsourcing circular 2018/3.
  • Advice for managing operational risks and ensuring operational resilience. 
  • Guidance for documenting and testing business continuity plans.
  • How to assess and manage third-party risk.

Download the guide to learn more.

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FINMA Circular Summary


What is FINMA?

The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other financial intermediaries in Switzerland.

What is Circular 2023/1?

The FINMA circular 2023/1 titled "Operational Risks and Resilience - Banks" outlines the supervisory approach for managing operational risks, including those relating to information and telecommunication technology (ICT), cyber, and critical data.

When does Circular 2023/1 come into effect?

The regulation comes into effect on 1 January 2024, providing institutions with a two-year transition period (till the start of 2026) to demonstrate full compliance.


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