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Swiss Bankers Day 2005 in Zurich – Please get involved!
Basel/Zurich, 15 September 2005 – The 92nd General Assembly of the Swiss Bankers Association (SBA) took place today in Zurich. Some 400 bankers and guests from Swiss economic, political, governmental, association and media circles attended the annual event also known as “Swiss Bankers Day”. Guests also included ambassadors from over 20 foreign countries.
In a motivating speech SBA Chairman Pierre Mirabaud called on his fellow-bankers to get involved once again in politics and not to leave the field open to the supporters of the political left and right. The traditional address on behalf of the government was delivered by Federal Councillor Micheline Calmy-Rey.


Under the slogan of “Please get involved!“, Pierre Mirabaud used his presidential speech to strike back at the latest sweeping accusations made against the country’s business and economic leaders. Mr. Mirabaud said that criticism of the globalised economy was very short-sighted and reminded critics that prosperity first had to be produced before it could be distributed. He went on to say that Switzerland would remain successful in the future only if it succeeded in concentrating on its strengths such as stability, flexibility, innovativeness and international outlook and in freeing itself from the “all-risks-insured“ mentality currently rampant particularly in the core of Europe. Mr. Mirabaud warned of the danger of Switzerland getting bogged down in ideological trench warfare instead of tackling important pending problems. He appealed to his fellow-bankers to get more involved in politics once again and to take up the tradition of Switzerland’s great busi-ness and economic leaders active in the latter half of the last century. However, Mr. Mir-abaud also made it clear that today’s generation of business leaders should not let the monthly return on equity be the measure of all things. There had to be a stronger com-mitment to the common good again if the economy was to remain an important voice in politics. Mr. Mirabaud concluded his speech by again spelling out the reasons behind the banks’ commitment to winning acceptance in the forthcoming vote on the extension of the Free Movement of Persons Agreement to the new EU member states. In this regard he criticised the efforts being made in some circles to set entrepreneurs and managers against each other and summed up his concern as follows: “Suddenly we will have a multitude of opinions where unanimity is needed. The ones standing on the sidelines laughing are those people who in the long run will certainly not pursue our ideal of a liberal, prosperous economic system.

The traditional address on behalf of the government was delivered by Federal Councillor Micheline Calmy-Rey.


Note to journalists
PDF The full text of Mr. Mirabaud’s speech.


Contacts

Thomas Sutter James Nason
Head of Communications Switzerland Head of International Communications
Swiss Bankers Association,
Basel
Swiss Bankers Association,
Basel
Tel. +41 61 295 92 06 Tel. +41 61 295 92 15
Fax +41 61 272 53 82 Fax +41 61 272 53 82
www.swissbanking.org www.swissbanking.org
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