Takeover of Credit Suisse by UBS demonstrates strength of Swiss financial center
“The swift action of the Swiss authorities and UBS has certainly avoided a contagion,” says Marcel Rohner, President of the Swiss Bankers Association, commenting on the takeover of Credit Suisse.
Private banker Grégoire Bordier on what the UBS-Credit Suisse merger means for the Swiss financial centre
Winston Churchill famously said that you should never let a good crisis go to waste. Currently, we are seeing a few different crises at the same time. Some financial institutions, such as private banks, have endured many crises in the past. So how did they deal with them and even prosper? Tanya König of finance.swiss traveled to Geneva to meet with Grégoire Bordier, president of both the Swiss Private Bankers Association and the Association of Swiss Private Banks, to find some answers.
Safeguarding financial market stability: Swiss government welcomes and supports UBS takeover of Credit Suisse
The Swiss government welcomes the planned takeover of Credit Suisse by UBS. To strengthen financial market stability until the takeover is complete, the federal government is providing a guarantee for additional liquidity assistance from the Swiss National Bank (SNB) to Credit Suisse. This support is intended to secure the liquidity of Credit Suisse and thus also ensure the successful implementation of the takeover. The Federal Council is taking this measure in order to protect financial stability and the Swiss economy.
Transforming the markets with the SIX Digital Exchange SDX
“We are making a big investment in SDX because we think we can transform the markets and make them more efficient,” says Jos Dijsselhof, the CEO of SIX Group in Zurich. He believes that exchanges will continue to play an important role in the economy in the future.
How can fintech innovation thrive in Switzerland? A startup founder has some answers
The Zurich-based fintech Yokoy is one of the rising scaleups in Switzerland. It has won several prizes and awards and has been expanding to other countries since its founding in 2019. But what kind of ecosystem is needed for a startup, or a scaleup, like Yokoy to thrive? We asked Phil Sahli, CEO of Yokoy, to find out more.
Current energy shortages will accelerate switch to clean sources
The main news of this year may be how difficult it is, according to Beatrice Weder di Mauro, Professor of International Economics at the Geneva Graduate Institute. And the reconstruction of Ukraine has to start now, she says. Weder di Mauro has served on economic advisory boards to governments, both in Germany and Switzerland.
Switzerland is a natural place to start a fintech, says Assetmax CEO Massimo Ferrari
Fintech companies have been advancing and improving the services of the financial sector for years now. To better understand how, Tanya König sat down with Massimo Ferrari, the CEO and co-founder of Assetmax.
Mirjam Staub-Bisang: “Climate and sustainability risks are investment risks”
BlackRock is the largest asset manager in the world and the largest foreign asset manager in Switzerland. In the latest finance.swiss, Mirjam Staub-Bisang—the CEO of BlackRock Switzerland since 2018—speaks about the rise of ETFs, ESG, and how to prevent greenwashing.
What will the new Swiss Climate Scores mean for sustainable finance
Current science indicates that global warming beyond 1.5 degree Celsius could have a catastrophic impact on the natural world and humanity. Switzerland and its financial sector are gearing up their efforts to transition to net-zero greenhouse gas emissions by 2050. In the latest edition of finance.swiss, Tanya König speaks to Christoph Baumann, head of sustainable finance at the State Secretariat of International Finance, to learn more about the newly-implemented transparency metrics.
Can Switzerland remain at the top in wealth management? - A Q&A with Julius Baer CEO Philipp Rickenbacher
Switzerland is the biggest offshore wealth manager in the world, making private
banking one of the most important segments of the Swiss financial industry. But
can it maintain or even advance its leading position? Tanya König of finance.swiss
speaks with Philipp Rickenbacher, CEO of Julius Baer, to find out.
Why Switzerland will be a focal point in the future of asset management
The latest Swiss Asset Management study shows that assets under management in
Switzerland grew by over 10 percent in 2020 to a record 2.79 trillion Swiss francs. So what
makes Switzerland an attractive place for asset management? Christel Rendu de Lint, the
deputy head of investments and member of the global executive board at Vontobel, explains
why—and what the future may hold.
Swiss Finance Day at the World Expo in Dubai
On 23 March 2022, the Swiss Pavilion at the World Expo in Dubai was dedicated to Switzerland as a leading innovative and sustainable financial centre. The Swiss finance minister Ueli Maurer visited Dubai on this day with a high-ranking delegation from the Swiss financial sector. Among others, two panel discussions were scheduled.
How far is Switzerland from becoming a center for sustainable finance?
How can artificial intelligence (AI) help bring more transparency into sustainable finance products? How can greenwashing be avoided? These are just a couple of the questions that Markus Leippold, professor for financial engineering at the University of Zurich, is trying to figure out. Tanya König of finance.swiss caught up with him to find out more.
Swiss government publishes report on digital finance
The Federal Council sees great potential for Switzerland in the digitalisation of the financial market. On 2 February 2022, the Swiss government adopted the report on digital finance, which identifies opportunities and risks, and also sets out specific areas of action.
Updated figures on the Swiss Financial Centre
The contribution of banks and insurance companies to the gross domestic product in Switzerland increased in 2020.
This is shown by the new, annually updated key figures on Switzerland as a financial centre. The financial sector (banks and insurance companies) accounted for 9.7 percent of Swiss GDP in 2020 (previous year: 9.2 percent).