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Swiss financial watchdog extends protection measures at Sberbank to Sep. 1

Published by Wanda Rich

Posted on August 2, 2022

1 min read

· Last updated: February 5, 2026

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Swiss financial authority extends Sberbank protection measures amid sanctions - Global Banking & Finance Review
This image captures the St. Petersburg International Economic Forum, highlighting discussions around financial stability. It relates to the article on Swiss FINMA's extension of protective measures for Sberbank, reflecting ongoing international sanctions.
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BERLIN (Reuters) – The Swiss financial market supervisory authority FINMA is extending the duration of its protection measures at Sberbank Switzerland AG to Sept. 1 due to heightened international sanctions, it said on Tuesday. In March, FINMA had announced it was taking measures to protect the bank’s creditors, including wide-ranging ban on payments and transactions. […]

BERLIN (Reuters) – The Swiss financial market supervisory authority FINMA is extending the duration of its protection measures at Sberbank Switzerland AG to Sept. 1 due to heightened international sanctions, it said on Tuesday.

In March, FINMA had announced it was taking measures to protect the bank’s creditors, including wide-ranging ban on payments and transactions. The measures were partially lifted for a short time in July to allow the bank to settle claims of non-sanctioned creditors but are now back to being extended.

“The investigating agent appointed by FINMA will continue to perform their duties,” said the authority in a statement.

(Writing by Miranda Murray; Editing by Kim Coghill)

Frequently Asked Questions

What is FINMA?
FINMA, or the Swiss Financial Market Supervisory Authority, is the regulatory body responsible for overseeing financial markets in Switzerland, ensuring their integrity and protecting investors.
What are protection measures?
Protection measures are regulatory actions taken to safeguard the interests of creditors and investors, especially during financial instability or crises, such as bans on transactions.
What is a payment ban?
A payment ban is a regulatory measure that prohibits certain financial transactions, typically to prevent the flow of funds to designated individuals or entities under sanctions.

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