In addition, successful measures against tax evasion as well as tightening regulatory rules have intensified global competition. Swiss private bankers are painfully aware of these issues and the resulting decline in revenues and stagnation in costs. In particular, small-sized Swiss institutions report high cost/income ratios. Nevertheless, Swiss wealth managers were successful in acquiring new client assets in 2010. This is demonstrated in the latest edition of “The International Private Banking Study”, published by the Department of Banking and Finance of the University of Zurich.
The tightening of regulatory rules and the strong efforts by various governments and international organizations to fight tax evasion have left clear marks on the international private banking industry. Traditional offshore centers, such as Switzerland or Liechtenstein, have suffered from a strong decline in wealth management revenues and, as a consequence, from increasing cost/income ratios. Among the nine countries and regions analyzed, Swiss private banks were the least efficient with an average cost/income ratio of 77 per cent in 2010. This represents a worsening of 17 percentage points when compared to 2007.Size is not the only criterion for success
The study was performed with the financial support from the Association of Swiss Commercial and Investment Banks (VHV/BCG). It represents the fifth issue of the „The International Private Banking Study“ previously published in 2009, 2007, 2005 and 2003.
The study is available free of charge on: www.bf.uzh.ch/go/pbsContacts:
Nathalie Huber | idw
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik
An international team of physicists has monitored the scattering behaviour of electrons in a non-conducting material in real-time. Their insights could be beneficial for radiotherapy.
We can refer to electrons in non-conducting materials as ‘sluggish’. Typically, they remain fixed in a location, deep inside an atomic composite. It is hence...
Two-dimensional magnetic structures are regarded as a promising material for new types of data storage, since the magnetic properties of individual molecular building blocks can be investigated and modified. For the first time, researchers have now produced a wafer-thin ferrimagnet, in which molecules with different magnetic centers arrange themselves on a gold surface to form a checkerboard pattern. Scientists at the Swiss Nanoscience Institute at the University of Basel and the Paul Scherrer Institute published their findings in the journal Nature Communications.
Ferrimagnets are composed of two centers which are magnetized at different strengths and point in opposing directions. Two-dimensional, quasi-flat ferrimagnets...
An Australian-Chinese research team has created the world's thinnest hologram, paving the way towards the integration of 3D holography into everyday...
In the race to produce a quantum computer, a number of projects are seeking a way to create quantum bits -- or qubits -- that are stable, meaning they are not much affected by changes in their environment. This normally needs highly nonlinear non-dissipative elements capable of functioning at very low temperatures.
In pursuit of this goal, researchers at EPFL's Laboratory of Photonics and Quantum Measurements LPQM (STI/SB), have investigated a nonlinear graphene-based...
Dental plaque and the viscous brown slime in drainpipes are two familiar examples of bacterial biofilms. Removing such bacterial depositions from surfaces is...
23.05.2017 | Event News
22.05.2017 | Event News
17.05.2017 | Event News
23.05.2017 | Physics and Astronomy
23.05.2017 | Life Sciences
23.05.2017 | Medical Engineering