Switzerland is one of the most important financial centers in the world. This is reflected in the large number of Swiss banks and subsidiaries of foreign banks in Switzerland. In the course of the political and regulatory reorientation on the global financial markets since the outbreak of the financial crisis in 2008, the Swiss banking sector has also been subject to significant upheaval. At the same time, the traditional business models of banks are facing new challenges due to technological developments and a sustained change in client needs (digital banking, collaborative economy, etc.). The effects on the value creation and competitiveness of individual banks are manifold and are currently reflected in the fundamental realignment of business models and corporate strategies of some banks.
The upheaval in the Swiss financial sector is by no means taking place in isolation, but against the background of immense systemic risks. These include the accelerated circulation of payment flows in the globalized financial markets, the continued loose monetary policy of the most important central banks, and the still unresolved structural deficits in the European Monetary Union. We take these and numerous other conditions in the banking sector into account when assessing the creditworthiness of currently almost 30 private banking institutions in our rating universe.