SwissBanking
The online magazine of the Swiss Bankers Association
September 24, 2015

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The compass is set – now the journey begins

The compass is set – now the journey begins

Dear readers

The financial centre is the driving force behind Switzerland’s prosperity. If the financial sector is performing poorly, the entire country suffers as a result. The elections on 18 October are therefore highly relevant for our industry.

We need a solutions-oriented, coherent policy and government in Bern that also recognise the interests of the financial centre. Regulatory construction sites such as the overhaul of financial market legislation must be concluded in such a way as to provide sustainable solutions. The unresolved issues that exist between Switzerland and the EU must be addressed and, in the long term, overcome in order to ensure that our industry has the ability to plan into the future. In view of the elections and in response to the recommendations made by the Brunetti group of experts, the banks have compiled an agenda outlining the measures required to ensure a competitive, strong and diverse banking sector. This agenda can be used – both within the financial sector as well as with other stakeholders – as a compass for joint action.

I am very pleased to have three new board members joining us on our journey. Jacques de Saussure (Pictet Group), Patrick Gisel (Raiffeisen), und Yves Mirabaud, (Mirabaud & Cie) will bring additional strength to the Swiss Bankers Association with their vision and experience. I would like to thank our outgoing board members Christoph B. Gloor, Nicolas Pictet and Pierin Vincenz for their great commitment to our sector in a challenging time.

I hope you enjoy reading this edition of insight, and wish you a golden autumn.