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The Swiss Banking System

In: Swiss Finance

Author

Listed:
  • Henri B. Meier
  • John E. Marthinsen

    (Babson College)

  • Pascal A. Gantenbein

    (University of Basel)

  • Samuel S. Weber

    (SSW, Independent Wealth Manager)

Abstract

Historically, Swiss banks developed mainly to export domestic savings and act as financial turntables for foreign capital inflows. The first banking law to provide federal supervision of domestic banks was the Swiss Federal Act on Banks and Savings Banks (1934). Switzerland built its financial sector on the belief that self-regulation is the most effective way to manage financial entities. Nevertheless, federal supervision has become tighter in the twentieth century, turning Switzerland’s financial system into one of the world’s most closely regulated. Among the formidable challenges facing Switzerland’s banking system are increasing digitalization, gaining access to foreign financial markets, engaging in sustainable finance, changing anti-competitive tax rules, dealing with volatile interest rates, managing systemically important financial institutions, and protecting the financial system from paradigm-changing events.

Suggested Citation

  • Henri B. Meier & John E. Marthinsen & Pascal A. Gantenbein & Samuel S. Weber, 2023. "The Swiss Banking System," Springer Books, in: Swiss Finance, edition 2, chapter 0, pages 63-157, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-23194-0_3
    DOI: 10.1007/978-3-031-23194-0_3
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