Monday , November 30 2020
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The importance of good framework conditions for the Swiss financial centre

Summary:
Swiss National Bank Chairperson Thomas Jordan in this speech discusses good framework conditions which have led to Switzerland become a financial centre. Infact Swiss have multiple financial centres: Basel, Zurich and Geneva. Jordan speaks about another centre Ticino: I am therefore particularly pleased to have this opportunity to congratulate the Ticino Banking Association in person on its 100th anniversary. As Chairman of the SNB’s Governing Board, I visit Ticino often and have meetings with representatives of the Ticino Banking Association on an annual basis – under normal circumstances. The SNB has had good relations with your association for many years. This is not surprising, since the Ticino financial centre has a long history, as this centenary anniversary proves. However,

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Swiss National Bank Chairperson Thomas Jordan in this speech discusses good framework conditions which have led to Switzerland become a financial centre. Infact Swiss have multiple financial centres: Basel, Zurich and Geneva. Jordan speaks about another centre Ticino:

I am therefore particularly pleased to have this opportunity to congratulate the Ticino Banking Association in person on its 100th anniversary.

As Chairman of the SNB’s Governing Board, I visit Ticino often and have meetings with representatives of the Ticino Banking Association on an annual basis – under normal circumstances. The SNB has had good relations with your association for many years. This is not surprising, since the Ticino financial centre has a long history, as this centenary anniversary proves.

However, recent years have left their mark on banks and insurance companies in Ticino, as elsewhere. The financial crisis, the end of banking secrecy, the tax treaty with Italy and now the coronavirus pandemic have posed major challenges for many institutions. Nevertheless, the Ticino financial centre continues to be vitally important for employment and value added in the Italian-speaking region of Switzerland.

I will use my speech today to focus on aspects that I believe are important for the current and future potential not only of the Ticino financial centre, but of the Swiss financial centre as a whole,

Nice bit..

Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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