Bankers Day 2021: “The Future of Banking”
We asked Prof. Dr. Marlene Amstad for her views on various matters professional and personal. Please feel free to use these as a starting-point for discussions with her at our event.
What is the best thing about being FINMA’s Chair?
Marlene Amstad: The financial world will face a huge upheaval in the next decade. Shaping the future of Switzerland’s financial centre together with my team at FINMA is both a great privilege and a great responsibility.
Have any aspects of your role as FINMA Chair tested your limits?
Marlene Amstad: Dialogue with the various stakeholders is very
important to us. This has had to take place almost entirely via digital channels in recent months. It works fine, but videoconferencing can’t be a long-term substitute for face-to-face meetings.
Why is the SBA’s relationship with FINMA so important?
Marlene Amstad: Constructive dialogue requires the industry and the supervisory authority to understand each other’s challenges and concerns. That’s only possible if they talk to each other regularly. The associations, in particular the SBA, provide an excellent, established basis for this.
Which of FINMA’s projects and issues is taking up most of your time at the moment?
Marlene Amstad: That would very definitely be the full spectrum of opportunities and risks relating to the digital transformation and sustainability.
What advice would you give to a 20-year-old who wants to embark on a career in banking?
Marlene Amstad: Know your craft, your customers and your market. Focus on sustainable business models.
Can you pick five adjectives to describe what banking will be like in ten years’ time?
Marlene Amstad: Digital, flexible, sustainable and of course – as ever – stable and trustworthy.
Which single moment has had the biggest influence on your career?
Marlene Amstad: There were several such moments during my time at the Fed in New York. The focus on data and international exchange has stayed with me to this day.
You lived in Asia for a long time. What did you appreciate most about it?
Marlene Amstad: The courage to act quickly.
Conversely, what do you appreciate most about Switzerland?
Marlene Amstad: The courage to act with precision.
Information on the 2021 AGM
Bankers Day 2021: Programme