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Positions and press releases

Positions and press releases

December 16, 2015 | Basel

Swiss banks implementing new legal provisions for dormant assets

On 1 January 2015, new legislation came into force relating to dormant assets in Switzerland. Among other things, this legislation foresees publication of the names of the owners of very old dormant customer relationships on a website. From today onwards, this website is accessible to the public at the following address: https://www.dormantaccounts.ch. If no legitimate party claims the assets that have been published within one year of publication, the banks must by law transfer the assets in question to the government.
December 01, 2015 | Basel

Statement der Schweizerischen Bankiervereinigung (SBVg) zur Vollgeld-Initiative

Die Schweizerische Bankiervereinigung (SBVg) lehnt die Vollgeld-Initiative, welche heute von den Initianten eingereicht wurde, entschieden ab. Die Initiative verteuert Hypotheken und Kredite und spielt leichtsinnig und verantwortungslos mit Arbeitsplätzen, Steuereinnahmen, dem gut funktionierenden und sicheren Wirtschaftssystem und dem Wohlstand der Schweiz.
September 17, 2015 | Basel

Defending the competitiveness of the financial centre – expanding market access – improving the regulatory process – promoting innovation

Banks are fulfilling their obligations to private customers, companies, and the entire Swiss economy. The environment that the banks are operating in, however, is highly challenging. In order for the Swiss financial centre to remain competitive, banks, politicians and the authorities must work together to achieve the best possible framework conditions and in particular, to swiftly implement the recommendations of the Brunetti group of experts.
September 03, 2015 | Basel

2015 Banking Barometer: Rise in assets under management and an increase in net income despite a challenging environment. Stable employment trend expected for 2015

Despite ongoing structural change, shrinking interest margins and a challenging market environment: the Swiss banks reported a rise in both assets under management and net income in 2014. Companies and private individuals benefitted from intact bank lending. Domestic mortgage loans rose moderately by 3.6 percent. A slight decrease in staff levels in 2014 reflects the more difficult framework conditions. The banks expect the employment trend to remain constant or improve slightly in the second half of 2015.
June 30, 2015 | Basel

Amended agreement on the banks’ code of conduct with regard to the exercise of due diligence (CDB) as of 2016

The fight against money laundering and terrorist financing are central issues for the Swiss financial centre. Switzerland is a global leader in this area. The Swiss Bankers Association (SBA) therefore also regularly amends its agreement governing the banks’ code of conduct with regard to the exercise of due diligence (CDB). Beginning in 2016, banks will come under a new obligation to identify the controlling owner of operative legal entities and private companies.
March 26, 2015 | Basel

Survey 2015: Banks make significant reputational gains, protection of privacy central, but bank-client confidentiality in Switzerland viewed in differentiated manner

A representative survey commissioned by the Swiss Bankers Association (SBA) indicates that the Swiss population has newly increased confidence in the banks. The survey participants want a high level of protection of privacy and data protection. Bank-client confidentiality in Switzerland is viewed in a differentiated manner and opinions vary on how it should be defined in future. The Swiss also recognise the importance of banks for Switzerland as a business location.
October 30, 2014 | Basel

«Wandel aktiv gestalten – Zukunftsperspektiven für den Schweizer Bankenplatz»

In einer gemeinsamen Studie untersuchen die Schweizerische Bankiervereinigung (SBVg) und The Boston Consulting Group (BCG) den Schweizer Bankenplatz. Nach einer Phase der Stabilisierung wird ein positiver Wachstumsausblick bei jedoch grossen Herausforderungen und Risiken skizziert. Die Bankenregulierung ist dabei weiterhin ein Kernthema, wobei vor allem der internationale Marktzugang, Kosteneffekte sowie die nationale Handhabung und Ausgestaltung von Regulierungen für die Schweiz eine zentrale Rolle spielen. Die Studie identifiziert in allen Geschäftsbereichen der Banken in der Schweiz Wachstumspotenziale. Besonders das Private Banking – wo der Schweizer Bankenplatz seine führende Stellung weiterhin verteidigt – weist signifikantes Potenzial auf.
September 16, 2014 | Basel

Banks in Switzerland: yes to competitiveness and market access, no to over-regulation and isolationism

The media conference at the Swiss Bankers Day focused on the major future challenge for banks in Switzerland: remaining competitive through open service and labour markets. To maintain this competitiveness, the Swiss Bankers Association (SBA) is asking for Swiss regulation to be adapted only to the extent necessary. The industry is strongly opposed to isolationism and a Swiss finish. Patrick Odier is calling on Switzerland to present a united and above all concerted front to the rest of the world.
September 10, 2014 | Basel

Increased transparency for structured products

The Swiss Bankers Association (SBA) has amended its guidelines for informing investors about structured products. These amendments were realised for the first time together with the Swiss Structured Products Association (SSPA) and are therefore effective for both associations. The revised guidelines incorporate the amendments made to the Federal Act on Collective Investment Schemes (CISA) and also increase transparency with regard to the fees associated with the distribution of structured products. They have been approved by the Swiss Financial Market Supervisory Authority (FINMA) and will come into effect on 1 March 2015.
September 04, 2014 | Basel

2014 Banking Barometer: Banks in Switzerland increase operating net income despite challenges

The Swiss Bankers Association’s (SBA) annual Banking Barometer shows that the banks in Switzerland continue to play an important role for the Swiss economy, despite the sustained pressure to consolidate and the difficult international and domestic market conditions. In 2013, the operating net income of the banks in Switzerland increased to CHF 60.8 bn and their assets under management rose by CHF 340 bn. If PostFinance is excluded from the data, the banks were able to further reduce their balance sheet totals, and consequently their risk exposure. New regulation, including the automatic exchange of information in tax matters with countries abroad, and shrinking margins are resulting in structural changes – which entail both opportunities and risks. Following a difficult year in 2013, the banks expect a slightly positive trend in employment levels.
July 21, 2014 | Basel

Mark-Oliver Baumgarten to become new Head of Financial Market Switzerland at the Swiss Bankers Association

Basel, 21 July 2014 – Mark-Oliver Baumgarten (46) will become the new Head of Financial Market Switzerland and a member of the Executive Board as per October 2014. He will succeed Renate Schwob, who, at her own request, will be leaving her role as Head of Financial Market Switzerland at the Swiss Bankers Association (SBA) as per end of October 2014. She will reduce her workload to 60% and is expected to retire at the end of October 2015.
June 27, 2014 | Basel

SBA and China Banking Association: Successful First Chinese – Swiss Financial Round Table

The Swiss Bankers Association (SBA) and the China Banking Association (CBA) held their first Chinese-Swiss Financial Round Table. The event was attended by Eveline Widmer-Schlumpf, Swiss Federal Councillor, and Zhou Xiaochuan, Governor of the People’s Bank of China. Further participants included Boris F.J. Collardi, CEO Julius Baer, Patrick Odier, Chairman of the Board of Directors of the SBA, Thomas J. Jordan, Chairman of the Swiss National Bank (SNB), Urs Rohner, Chairman of the Board of Directors of Credit Suisse, Kaspar Villiger, former Swiss Federal Councillor and former Chairman of UBS, and Chen Yuannian, Secretary General of the CBA. The participants discussed possibilities for future collaboration and for a Swiss Renminbi hub. The two associations signed a memorandum of understanding that cements the mutual aims and intentions for further and strengthened collaboration.
June 24, 2014 | Basel

Bankers Association adjusts self-regulation for mortgage financing

At a meeting yesterday, the Board of Directors of the Swiss Bankers Association (SBA) resolved to amend two guidelines with effect on the mortgage market. The key measures are: the shortening of the amortisation period from 20 to 15 years, changes to the applicability of second incomes in the context of the assessment of financial sustainability, and the introduction of the “lower of cost or market” principle for the evaluation of mortgages. With these measures, the SBA is making a significant contribution to the cooling down of the real estate and mortgage markets. In a next step, the SBA will submit the revision of the self-regulation to FINMA for approval as the minimum standard.
May 30, 2014 | Basel

“Actively shaping transition – future prospects for banking in Switzerland”

The Swiss Bankers Association (SBA) and The Boston Consulting Group (BCG) have conducted an examination of the Swiss banking centre in a joint study. Following a period of stabilisation, the study presents a positive growth outlook, albeit one connected with significant challenges and risks. Banking regulation will remain a key issue, whereby international market access, cost implications, and the national transposition and implementation of regulations in particular will play a central role for Switzerland. The study identifies potential for growth in all areas in which the banks in Switzerland conduct business. Private banking in particular – where the Swiss banking centre will continue to defend its leading position – shows significant potential.

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