Incoming Swiss Banking Lobby Chief Warns Against Excessive Financial Regulation

Incoming Swiss banking chief warns against regulatory over-reach

Switzerland risks undermining its position as a global financial centre by imposing excessive regulation on its banks, the incoming head of the country’s banking lobby has warned, as Bern embarks on its biggest overhaul of the sector since the financial crisis. Giorgio Pradelli, who heads Zurich-based bank EFG International, takes over as chair of the Swiss Bankers Association (SBA) next month. Speaking in his capacity as EFG chief executive, Pradelli said Switzerland could not assume its pre...

By swissinfo.ch