Competitive conditions are crucial for the success of the Swiss financial center and therefore also for the success of UBS. One factor that defines the conditions is the regulatory environment, which is in a constant state of flux.
UBS in the political and regulatory environment
New global standards and developments define many of the parameters within which a national financial market policy is positioned. A prudent national financial center strategy enables Switzerland’s competitiveness as a location to be ensured in an international context.
UBS has a presence in over 50 countries and in all major financial centers. Our bank employs around 60,000 individuals at almost 900 locations worldwide. Together, these employees speak over 130 languages and come from 140 different countries. As a global group with global expertise, UBS is at the interface of national and international developments.
Due to its international focus, UBS has dealings with many national and international political and regulatory stakeholders. In view of this, the task of Group Governmental Affairs is to identify political and regulatory developments that might have a material impact on UBS’s strategy and business, and to develop and coordinate UBS’s position and strategy accordingly. In this connection, Group Governmental Affairs has both an internal and external information and communication function.
Swiss financial center
The Swiss financial center makes a major contribution to overall economic output and job creation in Switzerland. A financial system that works effectively is an integral part of a flourishing economy. The Swiss financial center and UBS are closely connected. As the leading bank in Switzerland, UBS attaches a great deal of importance to a strong domestic market. It is important to us that the Swiss financial center continues to maintain its outstanding reputation.
The dossiers keep close tabs on current developments that are important for the financial center and the Swiss economy as a whole. The dossiers on financial stability, financial market regulation, foreign affairs and taxes give an overview of some of the most important issues.
Switzerland and UBS
The “Switzerland and UBS – Strong Partners” brochure contains facts and figures on the multi-faceted relationship between UBS and Switzerland. As the third largest private employer and largest bank in Switzerland, UBS is closely connected with Switzerland, and has been for more than 150 years.
In the area of politics and regulation, UBS maintains direct contact with representatives from the political sphere, public authorities, supervisory authorities and international bodies. UBS also works closely with national and international business associations.