1. Switzerland has not yet introduced an AI-specific regulatory framework. Financial institutions utilizing AI must comply with the general legal framework and FINMA’s supervisory expectations.
2. The EU AI Act introduces new regulations on AI systems, affecting not only EU entities, but also Swiss companies that supply AI systems to the EU or deploy systems whose output is used         within the EU.
3. Financial institutions and insurance companies must adopt AI governance frameworks and stay informed about regulatory developments to ensure compliance.
Read full report here.
Authors
Grégoire Tribolet, Stéphanie Chuffart-Finsterwald, Roland Mathys, Olivier Favre
