Nobody downloaded yet

Critically evaluate the banking system in Switzerland - Essay Example

Comments (0) Cite this document
Summary
Switzerland is considered one of the leading financial centers in the world. Banking is the largest industry in Switzerland with about 5% of the country's workforce employed directly or indirectly in this sector. This is a direct result of a combination of factors namely:
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
Critically evaluate the banking system in Switzerland
Read TextPreview

Extract of sample "Critically evaluate the banking system in Switzerland"

Download file to see previous pages In 2002, the FBC called for stricter regulations to combat money laundering and the funding of terrorist activities as well thorough regulations in dealing with assets belonging to infamous political figures. An edict calling for eradication of unidentified overseas money transfers was introduced in 2003. These legislation have aimed at streamlining the structures and offer more flexible systems in order to improve competitiveness. 1.2 The Universal system
However, there are several specialized banking groups in Switzerland. The domestic banking market is dominated by eight groups of banks. Two of the largest banks, United Bank of Switzerland (UBS) and the Credit Suisse Group, offer varied financial services that include portfolio management and underwriting. They also participate in the stock market.
Switzerland has seen a reduction of the number of banks from more than 600 banks in 1990 to slightly more than 350 in 2004 courtesy of consolidation and mergers. It is the purpose of this paper to look at some of the considerations taken into account by the regulatory authorities (Swiss National Bank & The Federal Banking commission) as they endeavor to provide direction for banking institutions.
Deposit acceptance and lending are some of the fundamental functions of banking institutions. A section of this paper will focus on costs and degree of risk associated with banks' lending activity in a rapidly changing financial market. Hanson, J.L. (1974)
Mergers bring with them ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Critically evaluate the banking system in Switzerland Essay”, n.d.)
Critically evaluate the banking system in Switzerland Essay. Retrieved from https://studentshare.org/miscellaneous/1530171-critically-evaluate-the-banking-system-in-switzerland
(Critically Evaluate the Banking System in Switzerland Essay)
Critically Evaluate the Banking System in Switzerland Essay. https://studentshare.org/miscellaneous/1530171-critically-evaluate-the-banking-system-in-switzerland.
“Critically Evaluate the Banking System in Switzerland Essay”, n.d. https://studentshare.org/miscellaneous/1530171-critically-evaluate-the-banking-system-in-switzerland.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Critically evaluate the banking system in Switzerland

Banking and international banking system

...?Evaluating the reasons for the recent global financial crisis The recent financial global crisis is the worst as compared to other financial crisis since the great depreciation. It started from United States and spread to other parts of the world. Millions of jobs have been lost and trillions of dollars (pounds, rupees, Yuan) in market value evaporated across the world. The global crisis shook the very foundations of financial institutions and the stock market as share prices for small and large investment banks dropped significantly between mid 2007 and first quarter of 2008. Financial institutions lost nearly a third of their value in less than one year. Major financial institutions collapsed or near...
8 Pages(2000 words)Essay

Critically evaluate project plan

...? Project plan David Construction Introduction Project Management for the program of construction provides a challenging and tricky academic path in the project management dealing with or addressing the international, national, regional and local need of managing projects that are complicated within the industry of property and construction. It offers a kind of learning experience that is dynamic and exiting, building on the available experience and background. Infrastructure’s design, management and construction together with the established environment have a very critical role in developing a society that is more sustainable. The human resources and material required for these projects should be examined and managed in a way... Mechanical...
16 Pages(4000 words)Essay

Switzerland

...add up the business appeal the country has for investors (Winzer & Landolf, 2012). There are also certain business non-allurements associated with this country including the private Swiss banking system, which is found to be the principal non-allurement for aiding foreigners in concealing their fallacious money. Moreover, some companies consider the political environment as a hurdle for establishing their businesses in the country. Conclusively, it can be stated after observing certain facts about Switzerland that despite being a small country with limited resources it has accomplished a lot during its history, and it is rightfully ranked amongst the world’s most competitive countries...
6 Pages(1500 words)Research Paper

The UK Banking System

...The UK Banking System - An overview The UK banking sector is the third largest in the world after the US and Japan. In addition to having one of thelargest commercial banking industries, the UK is also a major international centre for investment and private banking. The UK banking sector's strong international orientation is reflected in the substantial foreign presence and sizeable assets of foreign banks in London. The number of authorized banks in the UK totalled to about 690 in 2004. Although the number of UK incorporated banks declined over the past decade there was a significant...
7 Pages(1750 words)Essay

Banking System

...of accounts customer can choose from . CLASS DIAGRAM FOR ATM SYSTEM State model for a transaction use case Collaboration (Communication) diagram for one transaction use case Final Evaluation The above diagrams have therefore shown the necessary construction, functioning and architecture of an ATM system. As the diagrams depict, it is indeed an added advantage for Gringott's bank to set up such an ATM chain. The establishment of such a system...
12 Pages(3000 words)Essay

Islamic banking system study

...Islamic banking system study - Key features of Islamic banking business in Britain Introduction The increase of competition in the global market has led many firms to differentiate their strategies in order to ensure that they will be able to compete their rivals. At the level of the state, such conditions are likely to lead to the introduction of schemes and policies that will equally support the business activities developed in various industrial sectors. In any case, innovation has been proved to be a key element of successful strategic decisions – including policies that refer to governmental activities and those related with the private sector. Britain is a country with an important...
12 Pages(3000 words)Essay

Banking system

...Banking Since time immemorial, banks have been a place where people deposit their money for safekeeping. This is process of depositing money for safekeeping is called ‘retain and hold’ in banking. In essence, this means that banks have the responsibility of receiving customers’ money and keeping it for them for a given period after which they can withdraw when they need them. Therefore, banks act as safe stores for their customers. However, due to recent harsh economic environment, banks have been force to metamorphose and start engaging in various commercial activities to boost their profit gains. These activities include selling various...
2 Pages(500 words)Essay

Banking System

...Banking System Banking System The financial crises of the period of 2008 experienced by the United s were caused due to the defaulting sub-prime mortgage loans. These loans were provided by the banks of United States to various individuals residing in the region. These loans were provided without performing any background checks and without identifying whether the borrowers will be able to pay off their debts. These loans were even provided without taking into consideration the credit ratings of these individuals. When crises started taking place and individuals started losing their jobs, these individuals became unable to pay off their debts and...
1 Pages(250 words)Essay

Switzerland

...engage in because of the limited space. History and wars Switzerland is also the home and the headquarters of the International Red Cross community that are located in Geneva that was founded in 1866 in Bern in the same country. The Old Swiss Confederacy experienced a period of unrest that included the areas of social, political, and religious aspects, but the French brought changes during their invasion in the state in 1798. Essentially, this invasion led to changes in the system of government that ushered in the Helvetic Republic whose lease of life was not too long. The birth of the fully fledged state of Switzerland required that adoption of a federal constitution that served as the...
8 Pages(2000 words)Essay

Critically Evaluate Project Plan

...Critical Evaluation of Project Plan Leadership and Project Management Report Introduction Leadership is the process of influencing the efforts of followers towards attainment of common goals through articulating a shared vision for the organisation (Lewis 2002). There is a clear cut difference between leadership and project management. A project manager acts as a facilitator during the project management process through implementing right processes, systems and procedures. A project leader establish the project vision, communicates the project vision and inspires high-performance teams that remain committed towards the accomplishment of project goals while a project manager is...
8 Pages(2000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Critically evaluate the banking system in Switzerland for FREE!

Contact Us