Swiss Bankers Association - SwissBanking

Press releases12.09.2024

The impact of geopolitics on the Swiss financial centre

This year’s Bankers Day organised by the Swiss Bankers Association (SBA) focused on geopolitics. Marcel Rohner, the SBA’s Chairman, identified Switzerland’s political and economic stability, the protection of property rights and legal certainty as key to the Swiss financial centre’s success. The Annual General Meeting elected four new members to the SBA’s Board of Directors: Dr Romeo Lacher, Chairman of the Board of Directors, Julius Baer Group Limited; Enna Pariset, CEO, BNP Paribas (Suisse) SA; Piergiorgio Pradelli, CEO, EFG Bank AG; and Marc Pictet, Senior Managing Partner, Pictet & Cie Group SCA.

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Press releases12.09.2024

Interconnected geopolitical risks facing the Swiss financial centre

The impact of geopolitical risks on Swiss banking – a data-driven analysis

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Press releases29.08.2024

Positive overall trend and continued upbeat outlook for banks despite lower interest margins

The Swiss Bankers Association (SBA) concludes in its annual Banking Barometer that the banks in Switzerland performed well overall last year. However, their results must be seen in the context of one-time effects relating to the takeover of Credit Suisse by UBS. According to the SBA’s Swiss Banking Outlook, prospects for the short to medium term remain positive internationally thanks to monetary policy easing. Key opportunities for the banks lie in the digitalisation of the customer experience.

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GSS+ bonds: how does Switzerland measure up?

Green, social, sustainability and sustainability-linked (GSS+) bonds are a vital catalyst for the sustainable development of the State, the economy and society. Their importance has grown globally since 2015, but where does Switzerland stand in this regard, and what more can it do to promote GSS+ bonds? The Swiss Bankers Association (SBA) has published a discussion paper that attempts to answer these questions.

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Opinions04.07.2024

Coordinated climate regulation is needed

Switzerland has ratified the Paris Agreement on climate change and adopted a range of regulations to implement it. Those particularly relevant to business are the Federal Act on Climate Protection Goals, Innovation and Strengthening Energy Security (Climate and Innovation Act, CIA), the Federal Act on the Reduction of CO2 Emissions (CO2 Act) and the Ordinance on Climate Disclosures. It remains to be seen whether the existing regulations will have the desired effect. From the banks’ point of view, it is essential to work towards congruent solutions.

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International administrative assistance in tax matters – please do not undermine legal protection!

Switzerland attaches a great deal of importance to legal certainty, including protecting the rights of individuals in legal proceedings. The federal authorities issued an extremely brief message on 19 March 2024 explaining that, when exchanging information with foreign authorities, they will no longer protect persons not mentioned in the initial request for information. Is this legal?

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Statement on the «Federal Council's decision to implement the final Basel III standard»

The Swiss Bankers Association is irritated by the Federal Council's decision to implement the final Basel III standards as of 1 January 2025. Switzerland is thus forging ahead without need. It is putting the Swiss financial centre at a disadvantage by weakening its competitiveness compared to other international and important financial centres. Relevant core markets such as the EU, UK and USA are introducing the Basel III standards or significant parts of them later or the date of introduction is not yet known. It is the task of the Federal Council to ensure attractive and internationally compatible framework conditions that enable the financial centre to have a global reach. With today's decision, Switzerland is depriving itself of the opportunity to maintain a level playing field with important international financial centres.

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