Challenges to the Swiss financial center

In a speech on 'Facts and challenges to the Swiss financial center' given on 3 June, Philipp Hildebrand of the Swiss National Bank said the financial sector is a critical contributor to the vitality and resilience of the Swiss economy. Defending and maintaining Switzerland's status of a leading global financial center is a key challenge for the Swiss financial industry and for the country as a whole.

"An unequivocal commitment to competition and free markets by politicians, regulators and

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