The information below outlines the Switzerland banking system, and provides details on opening a Swiss offshore bank account. We also cover all aspects regarding the governing body and the opening of Swiss bank accounts.
The Swiss National Bank conducts the country’s monetary policy. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
The Swiss National Bank maintains price stability by ensuring appropriate monetary conditions. This means keeping interest rates and the supply of money and credit aligned to the prevailing economic situation.
The National Bank has the exclusive rights to issue bank notes in Switzerland. It supplies the economy with bank notes that meet high standards with respect to quality and security. It is also charged with the task of coin distribution.
The Swiss Federal Banking Commission (SFBC) is an independent authority that supervises the banking and financial sector, including banks and securities dealers, audit firms, collective investment schemes, mortgage bond business, stock exchanges and markets
There are more than 600 banks operating in Switzerland. Practically all the major international banking institutions are represented there.
To find out more about the Swiss banking system and opening a Swiss offshore bank account, Contact Us.