
Singapore Will Not Overtake Swiss Financial Centre, Says Swiss Bankers Association President
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Italiano
it
“Banche svizzere ben posizionate, Singapore non ci supererà”
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Read more:“Banche svizzere ben posizionate, Singapore non ci supererà
“One cannot speak of a loss of importance,” said the 61-year-old in an interview published today by the Neue Zürcher Zeitung (NZZ). Singapore and Hong Kong were acknowledged as major competitors,“but they will not overtake us”, the former CEO of UBS (2007-2009) is convinced.
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In his view, Switzerland still has certain advantages. These include legal certainty, stability and neutrality, as well as strong geographical diversification in cross-border asset management.
“Neither Hong Kong nor Singapore will ever be able to offer all this to the same extent as Switzerland,” said Rohner.
Swiss banks have done well in recent years,“with one exception”, continued Rohner. In this regard, he once again reiterated his disagreement with the regulatory changes planned for UBS after the collapse of Credit Suisse.
More More How to regulate Swiss banks: a step-by-step guideThis content was published on Jun 13, 2024 After the collapse of Credit Suisse, the government wants to revise banking regulation.
Read more: How to regulate Swiss banks: a step-by-step guid
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