Annual Report 2024

During the past year, the most important aspect was without doubt the fragmentation of a world that had been regarded as stable since the end of the Cold War. Geopolitics has accelerated global transformation and become more complex: The war in Ukraine, heightened tensions in the Middle East, and major trade disputes between the USA and the rest of the world are only a few examples. 

Despite facing an unstable environment with intense competition, banking and financial actors in the Geneva Financial Center have proved to be robust, clear-sighted and vigilant. With more than 38,000 high value-added jobs, accounting for 12.9% of cantonal GDP, Geneva’s financial sector continues to drive economic growth.

In an attempt to assist actors in the Geneva Financial Center to strengthen their competitiveness, the GFC has identified three strategic areas, summarized under the 3A strategy: Access to the market, Attractiveness, and Artificial intelligence. The underlying principle applying to all three areas is relatively simple: Regulation must promote rather than stifle innovation! 

• Download the 2024 Annual Report (full version)
• Message from the President
• The Current Economic Situation
• Framework Conditions
• Bilateral Relations with the EU
• Communication and Promotion
• Education and Training