In accordance with a press release issued by the Federal Council on 15 January 2020, the Federal Council's strategic advisory body drew up an overall view of financial market policy in its last year of activity and submitted a number of recommendations to the federal government.
The establishment of an effective crisis organization for cyber risks is considered urgent. In the view of the Advisory Council, another priority is to unleash the Swiss capital market for tax purposes.
According to the media release, further recommendations concern, among other things, market access for financial services, the handling of digital payment means, the establishment of an education and research hub for Fintech and Cyber Security, and the consideration of stability risks of the extremely low interest rate environment.
The Federal Council was informed about the roadmap at its meeting on 15 January 2020. The recommendations are to be included in the update of the federal financial market policy, which will be available in autumn 2020.
