Swiss Bankers Day 2010 in Interlaken

The 97th Annual General Meeting of the Swiss Bankers Association (SBA) was held today at the Casino Kursaal in Interlaken. More than 300 bankers and guests from the world of business, politics, trade associations and media participated in the event. An international dimension was added by the presence of ambassadors and other diplomatic representatives from more than 40 countries. In his first Swiss Bankers Day speech as the SBA’s Chairman, Patrick Odier warned of the dangers of what he called “a tidal wave of regulation” and called for any new regulation to be proportionate, differentiated and internationally-coordinated. Switzerland, he added, should not take any unilateral measures. Mr. Odier said he was pleased the Swiss financial sector stood fully behind his new policies and had clearly declared its intention to acquire or manage only those assets which were tax-compliant. He concluded his speech amidst much applause with personal words of praise for the SBA’s CEO, Urs Roth, who, having reached retirement age, was now stepping down, and he expressed his confidence that his successor Claude-Alain Margelisch would lead the SBA into a successful future. The traditional speech on behalf of the government was delivered by Federal Councillor Eveline Widmer-Schlumpf.