Quality and expertise
Precision, craftsmanship and skill: these are the words most often associated with the "Made in Switzerland” label. Not without reason. Attention to detail and the quest for perfection are an integral part of the Swiss work ethic, carefully passed down from generation to generation.
Companies such as Nestlé, Roche, Novartis, SGS, ABB, Swatch, Rolex and many other prominent multinationals contribute to the reputation of Switzerland worldwide: the Swiss economy is still the most innovative in the world, as ranked by the Global Innovation Index 2016.
Likewise, Switzerland’s financial sector can also rely on centuries of expertise. The first private bank was founded in the mid-18th century in Geneva, and for over 300 years, Swiss bankers have been committed to the development of their profession.
Security and stability
Switzerland is proactive in maintaining an ultra-strict banking legislation. The requirements imposed by the Swiss authorities on their banks strengthen the protection of your financial assets and increase the stability of the bank itself.
The Swiss banking legislation and regulations, which go far beyond the applicable international standards, require very high solvency of Swiss financial institutions and impose a strict separation between the assets of the bank and those of the bank’s clients.
In addition to the banking legislation, the independent authority FINMA (Swiss Financial Market Supervisory Authority) demands ongoing compliance with its rules, while the Swiss Bankers Association (SBA) sets guidelines and recommendations for self-regulation.
Sustainability and tradition
The rigorous management of its public finances and its political stability mean that Switzerland has been a key country for investors and a hub of international finance for generations. As an independent and neutral country, Switzerland has created a society that is politically, economically and legally stable. It is characterized by healthy government finances, a very low unemployment rate (2.1% in 2019) and an environment that ensures a very high degree of legal certainty.
Respect for the profession with discretion
Dealing with confidential information is an intrinsic part of our profession. Discretion is our duty and your right. This confidentiality does not mean absolute anonymity, but is a strict guarantee that your personal information will be protected.
Much has changed since the 1934 Federal Law that introduced Swiss banking secrecy and penalised bankers who failed to observe it.
The most recent change was introduced on 6 May 2014, when Switzerland signed the OECD Declaration on Automatic Exchange of Information in Tax Matters. This declaration obliges countries to set up a single worldwide standard for the automatic exchange of information. The standard, developed by the OECD and ratified by the Ministers of Finance of the G20 nations, obliges the courts to obtain all the information required from their financial institutions and exchange it automatically with other jurisdictions on an annual basis. More than 60 countries and territories have committed to rapid adoption of the standard.
See also : Automatic exchange of information (AEOI)