Mavai Schweiz

FINMA & AI in Banking

Mon, 01 Jan 0001 00:00:00 +0000

The Swiss Financial Market Supervisory Authority (FINMA) oversees banks, insurance companies, and other financial institutions in Switzerland. As AI adoption accelerates across the sector, FINMA’s expectations around model risk management, operational resilience, and governance have significant implications for how organisations deploy and monitor AI systems.

What FINMA expects

FINMA does not yet have AI-specific regulation, but its existing supervisory framework — particularly around model risk and operational risk — applies directly to AI systems:

ISO 42001

Mon, 01 Jan 0001 00:00:00 +0000

ISO/IEC 42001 is the first international standard for AI management systems (AIMS). Published in 2023, it provides a framework for organisations to establish, implement, maintain, and continually improve their use of AI in a responsible manner.

What it covers

ISO 42001 is a management system standard — it defines how an organisation should govern AI, not what specific technology to use. Key requirements include:

Risk assessment — identify and evaluate risks associated with AI systems, including unintended behaviours, bias, and performance degradation
Performance measurement — establish objectives and metrics for AI system performance, with processes to monitor and measure against these
Continuous improvement — maintain processes to detect, respond to, and learn from AI system failures or performance drift
Documentation and evidence — maintain auditable records demonstrating that AI systems meet stated objectives

The testing implication

Clause after clause, ISO 42001 returns to the same theme: organisations must have measurable, evidenced-based assurance that their AI systems perform as intended.

The EU AI Act Enforcement Begins: What Swiss Organisations Need to Know

Mon, 03 Aug 2026 00:00:00 +0000

Starting 2 August 2026, the European Commission’s AI Office and national authorities begin enforcing the AI Act. New transparency rules require AI systems to disclose their nature to users, and AI-generated or altered content must be labelled and machine-readable. Swiss organisations building or deploying AI systems—especially those with EU customers—need to understand the enforcement structure and their obligations.

UN Meetings Expose the Tensions That Could Shape Global AI Governance

Mon, 04 May 2026 00:00:00 +0000

UN meetings in April exposed four tensions shaping AI governance: who has the infrastructure and capacity to develop AI, how data should be governed across borders, whether developing countries can access and transfer technology, and whether regulation steers or constrains innovation. These questions will dominate July’s global AI summits—and the answers could shape international AI policy for years.

Microsoft 365 E7 and Copilot: What Swiss Private Banks Should Consider

Mon, 06 Apr 2026 00:00:00 +0000

Microsoft 365 E7 makes AI-assisted productivity commercially accessible for the front office. But for a Swiss private bank, the licence is the easy part. Confidentiality, data sovereignty, FINMA expectations, and the US CLOUD Act all shape whether — and how — Copilot can be deployed safely.

Quantifying Risk: Easy. Quantifying Likelihood: Hard.

Thu, 02 Apr 2026 00:00:00 +0000

The NASA risk matrix has two axes. Consequence is tractable. Likelihood — especially for stochastic AI systems — is not. Regulators are now demanding quantitative evidence, and probabilistic testing is how you produce it.

AI Regulation in a Global Context: What the U.S. Direction Means for Switzerland

Wed, 01 Apr 2026 00:00:00 +0000

Switzerland’s AI governance landscape is shaped not only by the EU AI Act and the Council of Europe’s AI Framework Convention, but increasingly by the technical standards and frameworks emerging from the United States. Understanding how these interact is becoming essential for Swiss compliance professionals.

Compliance and AI Feature Strongly at Swiss Testing Day 2026

Thu, 26 Mar 2026 00:00:00 +0000

Swiss Testing Day 2026 made one thing clear: compliance and AI are no longer parallel conversations. From Bertrand Meyer’s keynote on software verification to a standout talk on why AI is useless for compliance — and indispensable — the conference showed that testing non-deterministic systems is the defining challenge for quality professionals today.

From Entertainment to Existential Threat: Deepfakes and the Banking Sector

Wed, 25 Mar 2026 00:00:00 +0000

Deepfake technology started as a curiosity. Today, regulators, law enforcement, and central bankers warn it poses real threats to financial institutions — from CEO impersonation to onboarding fraud. What can banks do about it?

One Year Since Switzerland Signed the Global AI Treaty — What Has Happened Since?

Wed, 25 Mar 2026 00:00:00 +0000

On 27 March 2025, Switzerland signed the first legally binding international AI treaty. Twelve months on, no country has ratified it, the EU is moving faster, deepfake fraud in Switzerland has exploded, and a domestic legislative bill is due by the end of 2026. Here is what has happened — and what has not.

Why Probabilistic Testing Matters for Swiss Regulation

Sat, 21 Mar 2026 00:00:00 +0000

Swiss regulators are asking for evidence that AI systems perform reliably. Traditional testing can’t provide it. Here’s why statistical approaches are the answer.

About

Mon, 01 Jan 0001 00:00:00 +0000

About mavai.ch

mavai.ch tracks AI regulation and compliance developments that affect Switzerland — whether they originate domestically, in the EU, or internationally. The site serves business managers, compliance officers, and IT leaders in Swiss enterprises and cantonal government.

The site is part of the Mavai project family, which develops open-source tools for testing non-deterministic AI systems.

Contributor and curator

Helena Mannion curates mavai.ch. She is a Master’s student in Global Studies, specialising in AI safety and regulation. Her research focuses on how international regulatory frameworks translate into practical obligations for organisations deploying AI systems — particularly in Switzerland and the EU.

AI Regulation in Switzerland: What's Changing and What to Do About It

Mon, 01 Jan 0001 00:00:00 +0000

Switzerland has no single AI law, but financial-sector supervision, international management standards, and the EU AI Act’s extraterritorial reach already shape what Swiss organisations must do. The common thread is evidence — and producing it is a measurement problem.

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