Swiss banks

The need for transformational change at Swiss banks

How do banks face profound industry changes driven by rapidly evolving customer expectations, emerging technology and new digital challengers? The large Swiss banks continue to dominate the market, with digital challenger banks slowly making inroads.How quickly do traditional banks need to move?
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EBA Outsourcing Guidelines: Swiss banks also affected

The revised FINMA circular 2018/3 “Outsourcing - Banks” has now been in effect for nearly a year. Experience has shown that institutions are having a hard time particularly with the risk-oriented monitoring of their outsourcing providers (including any sub-contractors these may have hired).
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Five building blocks to mitigating risk with an effective ICS

It’s been nearly nine months since the deadline to implement FINMA’s Circular 2017/1 “Corporate Governance – Banks”. And the odds are that you still have doubts about the effectiveness of the Internal Control System (ICS).

Bull markets help Switzerland’s private banks to recover

Switzerland’s private banks are emerging from a dark period in their history. The weight of regulatory change over the past ten years has proved too big a burden for some. And structural change in the industry has caused others to go out of business or be absorbed by competitors.

Detecting and preventing financial crime – a huge challenge for Swiss banks

The global significance of the Swiss financial center has made it a focus of efforts to combat organized crime and money laundering. Banks and public authorities are finding themselves faced with a variety of challenges as a result. A new study by KPMG identifies areas where action needs to be taken.

A lack of radical change hits Swiss private banks’ performances

Analyzing the performances of 85 of Switzerland’s 114 private banks produces a bleak picture. Almost every key performance indicator (KPI) deteriorated in 2016 – sometimes significantly. The vast majority of banks have not taken the action needed to reverse their decline.
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