A stable, properly functioning and competitive financial sector is vital to the Swiss economy. It is the state’s job to provide this sector with the best possible operating framework.
Financial market policy
Switzerland pursues pragmatic but ambitious goals in order to face challenges in the financial sector. It creates an operating framework for financial companies that allows them to offer a broad range of high-quality services to clients in Switzerland and abroad.
To this end, it adopts international standards on tax matters, combating money laundering and terrorist financing, financial market stability and other subjects. It also ensures that laws and regulations are in place that allow financial companies to offer high-quality products and services and to innovate. This helps to maintain and strengthen the financial centre’s international standing.
Swiss financial market policy is based on three pillars:
Switzerland is an internationally competitive financial centre. A suitable legal and institutional environment makes it possible to provide Swiss and foreign clients with high-quality services.
The financial system as a whole is stable. The resilience of individual financial institutions, especially those deemed systemically important, is assured.
A great deal of importance is attached to protecting clients and to the necessity of dealing rigorously with rule violations and malpractice. Both of these improve the system’s effectiveness, safeguarding and building trust in the financial centre.
Switzerland intends to remain a global leader in finance and raise its profile further still going forward. The Federal Council sets out the guiding principles for this in its report “Financial market policy for a competitive Swiss financial centre”.