Swiss Bankers Association
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The Swiss Bankers Association is a professional organization of
Swiss financial institutions Banking in Switzerland dates to the early eighteenth century through Switzerland's merchant trade and has, over the centuries, grown into a complex, regulated, and international industry. Banking is seen as emblematic of Switzerland, along with ...
.


Background

The trade association known as the Swiss Bankers Association was founded in 1912 in
Basel , french: link=no, Bâlois(e), it, Basilese , neighboring_municipalities= Allschwil (BL), Hégenheim (FR-68), Binningen (BL), Birsfelden (BL), Bottmingen (BL), Huningue (FR-68), Münchenstein (BL), Muttenz (BL), Reinach (BL), Riehen (BS ...
,
Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
. 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 UBS Group AG is a multinational Investment banking, investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres ...
and
Credit Suisse Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...
) down to the smaller community and cantonal banks, to collaborate on various issues of importance to the banking community. The Swiss Bankers Association's main goal is to maintain and promote the best possible framework conditions for the actors of the Swiss financial centre both at home and 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 The Swiss Financial Market Supervisory Authority (FINMA) 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 ...
(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. Fourthly, 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 has 300 institutional members (banking, securities, and auditing institutions) and approximately 12,000 individual members (high-ranking officials within the institutional members). The chief executive officer of the organization is Jörg Gasser, with Dr. Marcel Rohner as chairman of the board. A questionnaire in 2014 among its members showed that 85% of the smaller and regional banks consider themselves either unrepresented or insufficiently represented by the SBV.


References


"SwissBanking - Portrait"
''Swiss Bankers Association''. Retrieved 31 May 2007.


External links

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Members
SBA members list * {{Authority control Banking in Switzerland Bankers associations Professional associations based in Switzerland Financial regulatory authorities of Switzerland