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Swiss Financial Center - Players
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Swiss Bankers Association
The Swiss Bankers Association
(SBA) was founded in 1912 in Basel as a trade association and today has nearly 768 institutional members
and approximately 11,333 individual members. The Association’s Office employs a staff of 54. 12 commissions
and associated working groups deal with key issues affecting the industry. Serving on these commissions
are some 440 representatives of various banking groups as well as specialists from the SBA.
www.swissbanking.org
Federal
Banking Commission
The FBC is responsible for the supervision of banks through statutory auditors.
It grants new banks authorization to begin conducting business. In the event of a
violation of law or other abuses, the FBC can order appropriate corrective measures. If
the case is serious enough, it can withdraw the bank's operating permit.
www.ebk.admin.ch
Swiss Banking Ombudsman
Any customer who has a dispute with his/her bank but does not want to go to court may
contact the Swiss Banking Ombudsman. The ombudsman is a neutral and independent office for
resolving customer disputes. Although it has no powers of arbitration, it mediates between
the parties to the dispute. Thus, it can recommend and advise, but not prescribe, a
particular solution. Nevertheless, the ombudsman successfully mediates in many cases.
www.bankingombudsman.ch
Swiss National Bank
The SNB is the central bank of the Swiss Confederation, and it runs the country's monetary
policy independently. As lender of last resort, it bears some responsibility for ensuring
that the Swiss economy has sufficient liquidity. However, unlike the Bank of England, for
instance, it has no regulatory powers - banking supervision is the purview of the Federal
Banking Commission.
www.snb.ch
SWX Group
The SWX Group ranks among Europe's pre-eminent
providers
of securities exchange services and offers its customers a comprehensive range of solutions for the
domestic and crossborder trading of securities.
www.swxgroup.com
SIS Swiss Financial
Services Group AG (SIS Group)
SIS Swiss Financial Services Group AG, a holding
company that renders services to the securities industry, is the parent company of four operating units:
SIS SegaInterSettle AG, SIS x-clear AG, SAG SIS Aktienregister AG and SIS Systems AG.
www.group.sisclear.com
Telekurs
Group
The Telekurs Group is an internationally active service company primarily
focused on card-based payment transactions, electronic payment systems and international financial information.
www.telekurs.com
Financial intermediaries without bank status
In addition to the banks and their various bodies, the Swiss financial sector also plays
host to financial intermediaries without bank status. These intermediaries, which are
regulated by a special federal authority, include the management companies of Swiss
investment funds (under the Investment Fund Act), life insurance companies (under the
Insurance Supervision Act) and securities traders (under the Stock Exchange Act). A number
of other financial intermediaries are only governed by the Money Laundering Act.
These include anyone who looks after other people's assets or helps to invest or transfer
them, such as asset managers, brokers, bureaux de changes, lawyers, credit card companies
etc.
Independent asset managers in particular form a large and important group. They are
brought together in the Swiss Association of Asset Managers (SAAM) VSV. The total assets
under management by SAAM members is estimated at CHF 100bn, which equates to 3% of the
overall market. Independent asset managers maintain close relations with one or more
banks, the banks being responsible for customers' accounts and custody accounts.
www.vsv-asg.ch |
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Junior
Bank
