The core responsibilities of FINMA include: Supervise financial institutions such as banks, insurance companies, stock exchanges, asset management companies, etc Issuing and revoking operating licenses for financial institutions Combat money laundering and terrorist financing activities Supervise the transparency and fairness of financial markets Protecting the rights and interests of investors, depositors, and policyholders Reorganize or liquidate financial institutions when necessary FINMA adopts a risk oriented regulatory approach, focusing on institutions and activities that pose significant threats to the stability of the financial system. In addition, FINMA collaborates with other regulatory agencies internationally to promote consistency and coordination in global financial regulation;