![]() ![]() The authority to initiate and close enforcement proceedings employed by FINMA to assert, where necessary, supervisory law has been delegated by the Executive Board to the Enforcement Committee ( ENA). The Deputy is appointed by the Board of Directors at the request of the CEO on a rotating basis. The Chief Executive Officer heads the Executive Board and its divisional heads and is responsible for ensuring compliance with the budget approved by the Board of Directors. ![]() In particular, the issuing of licenses to financial institutions, decisions on supervisory matters of cross-divisional significance and key management, organisational and personnel issues fall within the remit of the Executive Board. It also prepares the necessary files and materials for decisions to be taken by the Board of Directors. It ensures that the resolutions of the Board of Directors are implemented. ![]() The Executive Board manages FINMA’s operating business. ![]()
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