This activity report provides an overview of the main issues that were addressed by the Geneva Financial Center (GFC) and their progress over the past 12 months.
During the past year, the GFC has intensified its efforts to ensure that everything possible is done in Geneva and elsewhere in Switzerland to improve the financial center’s competitiveness and enable it to continue to play its role as an economic powerhouse.
Since 2014, the Geneva Financial Center has set itself three priorities: defining competitive framework conditions, promoting the financial center, and education and training.
Cooperation with the communal, cantonal and federal authorities is proving essential in all three fields. During the financial crisis – of which 2018 marked the 10th anniversary – relations between the financial industry and the public authorities were sometimes fraught. The paradigm shift that has taken place, in particular as a result of Switzerland’s adoption of the automatic exchange of information, has ushered in a new era, that of a peaceful public-private partnership.
We welcome the fact that forces are now converging from all sides to focus on the essentials and, by doing so, further enhance Geneva’s special strengths, which make it one of the world’s leading financial centers.