Tag: national

  • Stefan Walter new Director of FINMA

    Stefan Walter new Director of FINMA

    Following his election by FINMA’s Board of Directors, Stefan Walter’s appointment as Director of the authority has now been approved by the Federal Council. Mr Walter’s impressive career includes significant experience in financial market regulation, including leading the development of supervision for global systemically important banks at the European Central Bank. In his previous role as Secretary General of the Basel Committee, he played a key role in coordinating global regulatory reform negotiations following the global financial crisis.

    A German national with a Master’s degree in International Banking and Finance from Columbia University, Stefan Walter, 59, brings a deep understanding and extensive knowledge of financial market supervision. He succeeds Urban Angehrn, who stepped down in September 2023 for health reasons. Birgit Rutishauser will continue in the role of FINMA Director on an interim basis until Walter takes office on 1 April.

    Walter’s appointment is seen as an important step for FINMA to strengthen its position as the leading regulator in the financial sector. His extensive experience will help to further develop Swiss financial market regulation and establish it at an international level.

  • Circulit concrete will soon be available nationally

    Circulit concrete will soon be available nationally

    The ecological concrete called Zirkulit will be available throughout Switzerland in the coming months. The two companies Eberhard companies from Kloten and Kästli Bau from Rubigen have entered into a partnership for its production and distribution. Together they created a licensing system for the innovative building material and founded zirkulit AG based in Kloten. The two owners are the first two licensees.

    According to a media release by zirkulit AG, Zirkulit is characterized by "maximum circularity", a smaller CO2 footprint and the same static properties as primary concrete. The consumption of primary resources will be reduced to less than a third. In addition, the CO2 footprint will be reduced by a CO2 storage technology developed by zirkulit. As the first client, Swiss Prime Site Immobilien AG decided last autumn to use the JED area in Schlieren ZH circulit.

    "The building material has great potential for the construction industry," the managing director of zirkulit AG, Patrick Eberhard, is quoted as saying. He will "make an important contribution to the achievement of the ambitious environmental goals that we have set for ourselves as a society".

    Daniel Kästli, Chairman of the Board of Directors of Kästli Bau AG, is also convinced that the national expansion of this building material is "an important milestone on the way to circular and thus sustainable building throughout Switzerland". The experience and knowledge of both companies would "contribute to the fact that Zirkulit Beton will establish itself throughout Switzerland as a future-oriented building material."