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 financial sector has been one of the most important growth drivers of the Swiss economy over the past 20 years.
Role of banks in the financial center
Banks are key participants in the financial markets and act as intermediaries between capital providers and capital seekers. One important strength of the major Swiss banks is their strong international focus and integration. Switzerland's two major banks are present with branches and subsidiaries in over 50 countries and in all of the world’s key financial centers. UBS is able to provide every client worldwide with a wide range of services, including payments, currencies, securities, loans and export finance.
Variety as a strength of the financial center
Over the years, a wide range of banking groups have established themselves in the Swiss financial center. The Swiss banking sector is characterized by a variety of institutions with different business models and a broad range of services. This diversity promotes strong competition, which ensures attractive client conditions such as cheap financing costs. The Swiss financial sector, with its banks, insurance companies, pension funds and other financial service providers, is also well diversified by international comparison.
UBS commitment to the financial center:
- UBS advocates a strong financial center. Coherent framework conditions guarantee that Switzerland will continue to be one of the most important financial centers in the world.
- We work actively with public authorities, policy-makers and regulators to shape the right conditions for the financial center.