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ARTICLE · 23 DECEMBER 2025

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Legislative And Regulatory Updates For 2026

The Bern Financial Services Agreement (BFSA) between Switzerland and the United Kingdom is scheduled to enter into force on 1 January 2026 and establish...

SwitzerlandFinance and Banking

BANKING & FINANCE

BFSA between Switzerland and the United Kingdom

The Bern Financial Services Agreement (BFSA) between Switzerland and the United Kingdom is scheduled to enter into force on 1 January 2026 and establish a mutual recognition regime facilitating the cross-border provision of financial services between the two financial centres.

Nature-related financial risks

The new FINMA Circular 2026/1 on nature-related financial risks will enter into force on 1 January 2026 and will require the systematic integration of climate and environmental risks into the governance and risk management processes of banks and insurance companies, with a phased approach depending on their prudential category.

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