MANAGEMENT & OPERATIONS
OFFSHORE COMPANIES
INTERNATIONAL TAX ADVISORY
OFFSHORE BANK ACCOUNT
SWISS BANKS Singapore Banks | Hong Kong Banks
Banking System of Switzerland
The banking system is characterised by strict regulations. All banks and bank-type finance companies must be registered with the Federal Banking Commission, which, together with the Swiss National Bank, exercises a relatively tight control over their functioning. The Federal Banking Commission also controls Switzerland’s international bank note trading business. As a result, all banks wanting to conduct banknote business have to obtain clearance from the commission. In a recent push towards liberalisation of the financial markets, certain provisions for banking and financial services were changed. Banking fees were liberalised, including the freeing of brokerage fees from the cartel. The banking sector provides over a third of the tax revenue from all companies and approximately a fifth of the taxes paid by companies and individuals combined.

Banking in Switzerland is extremely diverse, even though it is based on the principle of universal banking. Several bank groups are now fully or partially specialized:

There are more than 600 banks operating in Switzerland. Practically all major international banking institutions are represented there.