Swiss Bankers Association
Encyclopedia
The Swiss Bankers Association is a professional organization of Swiss financial institutions
.
, Switzerland
. It is the primary industry group representing the Swiss Banks to the government of Switzerland and to the governments of other states. The unity provided by this organization allows the various Swiss Banks, from the "Big Two" (UBS AG
and Credit Suisse
) down to the smaller community and cantonal banks, to collaborate on various issues of importance to the banking community.
The Swiss Bankers Association main goal is to maintain and promote the best possible framework conditions for the actors of the Swiss financial centre both at home an abroad.
Firstly, it represents all banks in Switzerland (also foreign owned banks established in Switzerland) in their dealings with authorities in Switzerland and abroad.
Secondly, it promotes the image of the Swiss financial centre throughout the world and fosters a dialogue with the public in Switzerland and abroad.
Thirdly, the banks engage in a form of self-regulation, in conjunction with the Swiss Financial Market Supervisory Authority
(FINMA). Under this system, the banks draw up a code of conduct in partnership with the FINMA, which is then enforced through the oversight of the FINMA.
Forhtly, the banks maintain more security, both for their clients and for the world, by working together. They can more adequately protect clients identity, while they can also collaborate to aid the Swiss government in freezing the funds of criminals being investigated under the 1983 Federal Law relating to International Mutual Assistance in Criminal Matters.
Finally, the SBA coordinates and supports the professional training of junior staff and experienced professionals in the banking industry in order to maintain the high quality of customer services.
A complete list of the members can be found under the external links.
Members of the SBA - http://www.swissbanking.org/en/home/mitglieder.htm
Banking in Switzerland
All banks in Switzerland are regulated by Swiss Financial Market Supervisory Authority , which derives its authority from a series of federal statutes...
.
Background
The trade association known as the Swiss Bankers Association was founded in 1912 in BaselBasel
Basel or Basle In the national languages of Switzerland the city is also known as Bâle , Basilea and Basilea is Switzerland's third most populous city with about 166,000 inhabitants. Located where the Swiss, French and German borders meet, Basel also has suburbs in France and Germany...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
. It is the primary industry group representing the Swiss Banks to the government of Switzerland and to the governments of other states. The unity provided by this organization allows the various Swiss Banks, from the "Big Two" (UBS AG
UBS AG
UBS AG is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland, which provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland...
and Credit Suisse
Credit Suisse
The Credit Suisse Group AG is a Swiss multinational financial services company headquartered in Zurich, with more than 250 branches in Switzerland and operations in more than 50 countries.-History:...
) down to the smaller community and cantonal banks, to collaborate on various issues of importance to the banking community.
The Swiss Bankers Association main goal is to maintain and promote the best possible framework conditions for the actors of the Swiss financial centre both at home an abroad.
Firstly, it represents all banks in Switzerland (also foreign owned banks established in Switzerland) in their dealings with authorities in Switzerland and abroad.
Secondly, it promotes the image of the Swiss financial centre throughout the world and fosters a dialogue with the public in Switzerland and abroad.
Thirdly, the banks engage in a form of self-regulation, in conjunction with the Swiss Financial Market Supervisory Authority
Swiss Financial Market Supervisory Authority
Swiss Financial Markets Authority is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers as well as other financial intermediaries in Switzerland.FINMA is an independent institution...
(FINMA). Under this system, the banks draw up a code of conduct in partnership with the FINMA, which is then enforced through the oversight of the FINMA.
Forhtly, the banks maintain more security, both for their clients and for the world, by working together. They can more adequately protect clients identity, while they can also collaborate to aid the Swiss government in freezing the funds of criminals being investigated under the 1983 Federal Law relating to International Mutual Assistance in Criminal Matters.
Finally, the SBA coordinates and supports the professional training of junior staff and experienced professionals in the banking industry in order to maintain the high quality of customer services.
Organization
The organization today has 360 institutional members (banking, securities, and auditing institutions) and approximately 16,340 individual members (high-ranking officials within the institutional members). The chief executive officer of the organization is Urs Philipp Roth, with Patrick Odier as Chairman of the Board.A complete list of the members can be found under the external links.
External links
Main Site (English) - http://www.swissbanking.org/en/home/home.htmMembers of the SBA - http://www.swissbanking.org/en/home/mitglieder.htm