Andréa Maechler, former SNB director and current BIS Deputy Chief, reflects on the 2023 banking crisis, emphasizing the need for global cooperation and preparedness for future crises. She highlights the importance of solid risk management and corporate governance, as well as the challenges posed by technological advancements and the evolving financial landscape. Maechler also stresses the necessity for regulatory authorities to have the required competencies, instruments, and political support, while emphasizing the importance of effective collaboration among different entities.
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0 posts last weekSwiss Financial Institutions: Trends, Leadership Changes, and Expansion Plans
With the departure of media “Spin Doctor” Peter Dietlmaier, a key figure in managing external perception is missing. The crypto-renaissance is replacing the sustainability trend as the main focus for financial institutions. This shift is due to ongoing geopolitical conflicts, unclear interest rate developments, and recession fears.Thomas Jordan is not expected to remain the president of the Swiss National Bank for long, with Martin Schlegel likely to succeed him. The expansion of many Swiss financial institutions into the Middle East, particularly the United Arab Emirates, is proving beneficial.The Swiss Bankers Association’s relevance is questioned due to its lack of response during the CS crisis. The Swiss financial center is losing its leading role as an offshore hub as other centers catch up and preferences shift. Lastly, it is expected that there will be more women in top banking positions by 2024.
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