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Bank Industry Risk Analysis: Swiss Confederation Jun 03
Standard & Poors, June 2003
Abstract
The Swiss financial sector has a well-established and longstanding reputation for service quality and tight banking secrecy. In addition, the sector benefits from a high degree of political and economic stability; a stable currency; a highly skilled, multilingual workforce; a sound regulatory structure; and a liberal legislative framework. While these strengths will continue to underpin the general health of the sector, the industry remains challenged by increasing competition, primarily in wealth management, and by external pressures to soften some of the advantages that render the country attractive as a financial center. The sector's ability to rapidly adapt to changes in its operating environment should contribute to meeting these challenges, however. This notwithstanding, the banking sector continues to suffer from overcapacity...
Companies mentioned in this report are: Credit Suisse First Boston,Credit Suisse AG,Credit Suisse Group AG,Darier Hentsch & Cie,Zuercher Kantonalbank,Union Bancaire Privee,Swiss National Bank,UBS AG,Aargauische Kantonalbank,Banque Cantonale Vaudoise,Schwyzer Kantonalbank,Migros Bank,Basler Kantonalbank,Basellandschaftliche Kantonalbank,Graubuendner Kantonalbank,Luzerner Kantonalbank
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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