Swiss FINMA Develops Generative AI with Dual-Review Mechanism for Real-Time Crypto Market Surveillance

Marlene Amstad, Chair of the Swiss Financial Market Supervisory Authority (FINMA) and Chair of the International Organization of Securities Commissions (IOSCO), announced that regulators are accelerating the adoption of AI and regulatory technology tools, including a live crypto monitoring dashboard already in use. The dashboard combines quarterly institutional crypto asset reports with daily market prices to identify excessive concentration in single-institution crypto exposure and operational risks from tokens concentrated on a single blockchain. Additionally, FINMA is building a generative AI tool that scans regulatory documents before on-site inspections and flags anomalies; those flags are then reviewed by a second AI tool before being passed to human regulators, creating a dual-review system.