Swiss financial centre

Switzerland is one of the world’s leading and most competitive financial centres. The financial sector is thus hugely important to its economy.

View of Paradeplatz in Zurich with UBS and Credit Suisse buildings.
The financial sector, made up of banks, insurers and pension funds, is a mainstay of the Swiss economy. © PRS

Switzerland is one of the world’s leading and most competitive financial centres. It manages around one quarter of the world's cross-border assets, which accounts for the large number of banks and insurance providers in the country. Switzerland's main financial hubs are Zurich and Geneva – both of international significance – followed by Lugano in third position. Its financial sector is a pillar of the Swiss economy and generates around 10% of the country's GDP.

Switzerland sets global standards in tax matters, combating money laundering and terrorist financing, and financial market stability. At the same time, it creates the necessary legal and regulatory conditions so that its financial centre can provide high-quality products and services and remain innovative, such as by lowering market entry barriers for fintech companies.

Banks and insurance providers

A global leader in wealth management, Switzerland's banks and insurance providers also ensure basic financial services domestically.

Financial market policy

Swiss financial market policy is based on three pillars: quality, stability and integrity.

Fintech

The digital revolution is making new financial services possible.

Adopting global standards

Switzerland plays a part in drafting new financial and tax standards and adopting international reforms.

Sustainability in the financial sector

Switzerland supports responsible financing and investment decisions that take account of their impact on the environment and society.