Annual Report 2023

In 2023, the GFC was engaged in three priority areas: taxation, education and training, and sustainable finance. This strategy involving three key areas was designed to respond to the major issues: taxation proposals put to the popular vote; reinforcement of the culture of excellence among the 38,000 employees in the Geneva financial sector; and promotion of Geneva’s unique position in sustainable finance. The GFC has committed itself with determination and with the motto that success is achieved by uniting all the stakeholders' strengths.

During 2023, the financial operators were able to bounce back after 2022, the year which saw a decline in the financial markets. Robustness and dynamism thus prevailed, in wealth management activities in particular. This positive climate is confirmed by the EY Banking Barometer 2024. The majority of the banks that were questioned expect to see higher revenues in future; this shows that they are confident in their ability to create value, despite a challenging geopolitical situation and persistent inflation in some countries.

“United we stand” is a slogan which will come into play again in 2024. The GFC has defined a 3A strategy: Access to the market, Attractiveness and Artificial Intelligence.

• Download the 2023 Annual  Report (full version)
• Message from the President
• The Current Economic Situation
• Framework Conditions
• Communication and Promotion
• Education and Training