The global financial system and its regulatory landscape have changed dramatically since the 2008 financial crisis. In response, central banks, regulators and policymakers introduced new requirements aiming to increase the resilience and stability of the financial system. These efforts made the banking sector well resistant to the current pandemic.
The European Union (EU) and Switzerland have a long-standing relationship founded on shared values and goals of peace and economic prosperity. The economic interdependence between the EU and Switzerland is strong, with Switzerland being the EU's third most important trading partner for services, while the EU is the most important trading partner for Switzerland.
Read moreSwitzerland and its financial centre are fully committed to reducing greenhouse gas emissions to net zero by 2050. In this context, the continued and intense dialogue between the private sector and the government maintains a balance between market-driven solutions and a supporting regulatory framework, creating the optimal conditions to align financial flows with climate goals.
The global financial system and its regulatory landscape have changed dramatically since the 2008 financial crisis. In response, central banks, regulators and policymakers introduced new requirements aiming to increase the resilience and stability of the financial system. These efforts made the banking sector well resistant to the current pandemic.
For a successful European Digital Finance Strategy, joint effort is needed to foster regulatory dialogue and cooperation, together with the private sector, with other global and innovative financial centres, like Switzerland, with a view to (...)
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