The title of this post is accurate but is there a connection between the controversial blog posts and the resignation of Birgit Rutishauser, formerly deputy CEO of FINMA and chief of insurance market surveillance? Or is it simply coincidence that the resignation immediately followed the most compelling blog posts about the scandal?
Between January 2025 and March 2025, a series of blog posts on the JuristGate web site demonstrated beyond reasonable doubt the regulator had knowledge of the rogue firm for an extended period of time before they belatedly took enforcement action.
The blog post on 8 March 2025 went further, observing that a foreign woman recruited to work for the scam had been able to get another job in a credible firm very quickly. The implication is that the regulator had helped at least one of the staff to find a new job so they would remain silent about the firm that had failed.
The title of this post is accurate but is there a connection between the controversial blog posts and the resignation of Birgit Rutishauser, formerly deputy CEO of FINMA and chief of insurance market surveillance? Or is it simply coincidence that the resignation immediately followed the most compelling blog posts about the scandal?
Between January 2025 and March 2025, a series of blog posts on the JuristGate web site demonstrated beyond reasonable doubt the regulator had knowledge of the rogue firm for an extended period of time before they belatedly took enforcement action.
The blog post on 8 March 2025 went further, observing that a foreign woman recruited to work for the scam had been able to get another job in a credible firm very quickly. The implication is that the regulator had helped at least one of the staff to find a new job so they would remain silent about the firm that had failed.
When Rutishauser did resign on 1 April 2025, FINMA emphasized in a second press release that the resignation wasn't due to the restructuring. In Switzerland, where there is secrecy about everything, that seems to be the biggest hint we have that a blogger with a MicroMasters brought down the head of insurance regulation in a major financial center.