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2011

November 16, 2011

Changing Switzerland's withholding tax : haste makes waste
SPBA (PDF - 13 Ko)

The Federal Council is planning to make fundamental changes to the current withholding tax and to adopt, in the case of interest paid on bonds and money market instruments, the so-called paying agent system. Without going into technical details, the proposed modification will offer some advantages. It is hoped, in particular, that it will revitalize the Swiss capital market and boost the investment banking activity in Switzerland (essentially the big banks). For the majority of natural persons, the overall situation will remain unchanged since the withholding tax will continue to be a safeguard tax. However, this reform will also have its disadvantages.


October 2011

Die Herausforderungen des Finanzplatzes Genf
Nicolas Pictet, Präsident Groupement des Banquiers Privés Genevois (PDF - 1'971 Ko) - "Schweizer Bank" - Oktober 2011 (only in German)

Der Finanzplatz Genf ist auf internationale Einbettung angewiesen. Das betrifft eidgenössische Themen wie die Ausländerpolitik, aber auch Genfer Kompetenzen, z.B. das Steuerrecht.


September 20, 2011

Banking sector employment: A major issue
Edouard Cuendet, Secretary-General of the Geneva Private Bankers Association and candidate for the National Council (PDF - 14 Ko)

At the end of 2010, the banking sector employed 108,000 people in Switzerland, representing nearly 3.2% of the country's total workforce. If one includes independent asset managers and securities traders the figure tops 141,000 jobs.However the sector comes under pressure from several sides which, in turn, affect employment.


September 7, 2011

The Swiss financial centre at the crossroads : which way ahead?
Michel Dérobert, Secretary-General of the SPBA (PDF - 47 Ko)
32nd Bürgenstock Meeting of the Swiss Futures and Options Association

The financial world is in turmoil. About three years ago, a number of gouvernments were obliged to come to the rescue of banks. Now the states themselves are facing a crisis of confidence. Since the beginning of the financial crisis, we have wittnessed a huge deployment of activity at all levels of responsibility - political, monetary, supervisory - but to little avail.


September 6, 2011

Les nouvelles normes bancaires nécessitent une approche différenciée et compétitive
Edouard Cuendet, Secretary-General of the Groupement des Banquiers Privés Genevois (PDF - 119 Ko) - only in French
Article published in "Agefi Magazine", September 2011

Les banques suisses sont confrontées à une vague réglementaire sans précédent dans le domaine des fonds propres. Cela ne doit pas se faire au détriment de la compétitivité de la place financière.


January 13, 2011

Press point


  • What international strategy for the financial centre?, Dr Konrad Hummler, Partner, Wegelin & Co. Private Bankers, Chairman of the SPBA (PDF 32 Ko)
  • The regulatory consequences of the financial crisis in Switzerland, Yves Mirabaud, Partner, Mirabaud & Cie, Chairman of the Geneva Private Bankers Association (PDF 26 Ko)
  • Financial markets and the economy; what does 2011 hold in store?, Nicolas Pictet, Partner, Pictet & Cie, Vice-chairman of the SPBA (PDF 32 Ko) Complementary documentation  "Persectives 2011" (PDF 177 Ko)
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