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FINMA wishes to have the authority to impose fines. The Federal Council will at least examine the proposal. Parliament is also thinking about letting FINMA fine individual managers. At least for SIBs. However, the reasons given by the Federal Council for this are not convincing. Furthermore, the deterrent effect of such fines on companies is uncertain. Moreover, FINMA is already authorized to impose financial sanctions in the form of profit confiscation. It does so regularly and consistently. FINMA’s power to impose fines is therefore unnecessary and would have more negative than positive effects. This is particularly true with regard to FINMA’s procedures. Nevertheless, Parliament is likely to approve them, but hopefully only for systemically important banks.