Swiss Banking Regulator Names ECB’s Stefan Walter as Chief
- Stefan Walter to take over as chief executive on April 1
- Previous CEO Angehrn quit after Credit Suisse collapse
The headquarters of the Swiss Financial Market Supervisory Authority in Bern.
Photographer: Adrian Moser/Bloomberg
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Switzerland’s banking regulator appointed Stefan Walter to be its new chief executive, as the body seeks greater powers to prevent another banking collapse like last year’s crisis at Credit Suisse.
Walter, 59, will join the Swiss Financial Market Supervisory Authority, or Finma, on April 1, according to a statement on Wednesday. The German national played a key role in building out the European Central Bank’s joint bank supervision from 2014 and also led the unit that oversaw the region’s biggest banks, including Deutsche Bank AG.