Capital Markets, Banking, and the Swiss Value Chain
How is it possible for a small country in the middle of Europe and surrounded by financial giants, like Germany and France, to have wielded such power (and for so long) in the global financial markets? Swiss Finance: Capital Markets, Banking, and the Swiss Value Chain explains the present-day state of Swiss capital and money markets, but rather than just capturing the here-and-now, it provides penetrating insights into how Switzerland got to where it is today.
For years, Switzerland's financial markets have accommodated the needs of investors looking for safety from political, economic, social, and currency risk and uncertainty. Understanding the intricacies of how Switzerland has addressed these potential sources of instability is essential for anyone who truly wishes to understand the underpinnings of Switzerland's financial and economic successes.
Part of the Robert W. Kolb Series in Finance, this reliable resource opens with an informative discussion of "Finanzplatz Schweiz," which describes Switzerland's fully integrated and automated electronic securities trading and post-trading infrastructure—a value chain managed by the SIX Group. The book explains the importance of Switzerland's self-regulatory financial structure, stock exchange laws, and regulations. From there, it moves on to chapters that:
- Describe and analyze the Swiss banking system, which is the most visible part of the nation's financial sector
- Consider the myths and realities of Swiss banking secrecy
- Focus on economic and financial implications of funds flowing to and from Swiss institutional investors—large savings pools of insurance companies, pension funds, and mutual funds
- Provide extensive insights on the Swiss National Bank, its monetary policies, as well as the Bank's size, structure, and history
- Put the Swiss franc foreign exchange markets into an international perspective
- Discuss the most important segments of Switzerland's financial markets, from debt and equity to derivatives
- Cover essential issues regarding Swiss taxes on investments and financing
Accessible by all, but designed with the serious financial professional in mind, this book puts the multifaceted dimensions of Switzerland's capital and money markets into perspective and provides thoughtful, penetrating answers to some of the most important questions about how a nation can build and maintain financial prominence in a rapidly changing financial environment.
352 pages; ISBN 9781118238530
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Title: Swiss Finance
Author: Henri B. Meier; John E. Marthinsen; Pascal A. Gantenbein