Swiss private banks are disillusioned
about banking secrecy, increasingly sceptical about new regulation
and are feeling squeezed by increasing competition, Ernst and
Young’s Bank Barometer 2012 has

The poll found 65% of
respondents (compared to 47% last year) anticipate a further wave
of consolidation in the Swiss banking industry. This was
particularly the case among private banks.


Tax euphoria


The research also found
that the euphoria surrounding the tax treaties in the 2011 survey
has largely disappeared amongst private banks.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In 2011, 85% of private
banks viewed the treaties as positive or somewhat positive for
Switzerland as a banking centre.

In contrast, only 32%
maintain this positive assessment in 2012 with 69% of the banks
viewing the treaties as negative or somewhat negative.


Scepticism about
regulatory environment


Banks included in the
study also had a negative outlook concerning the regulatory
environment for banks.

Last year 50% of banks
considered increasing regulation to be at least somewhat positive
for the economy, while the current survey showed that 66% now think
that it will have a negative effect.

The figures produced by
Ernst and Young are based on a survey of 120 executives of various
banks throughout Switzerland, not including the major

The survey sample breaks
down into 35% private banks, 15%, foreign banks, 35% regional banks
and 15% cantonal banks.


Related Swiss banking

Swiss consolidation set to continue –

Swiss taxation amendments come into

US prosecutors charge three Wegelin

Bank Sarasin charges IT worker for data