I have just attended the Swiss Bankers Association annual press conference, where Association Chairman Pierre Mirabaud spoke about the importance of the strong connections between Swiss banks for weathering financial turmoil.
Mirabaud was keen to emphasize the number of Swiss banks that are not directly affected by the liquidity problems that continue to grip the headlines. He saw a way forward for Switzerland's banking system based on agreed international regulation and cooperation. "Global crises cannot be solved or prevented on a national level," he explained.
Held at the Zurich's Hotel Savoy, the press conference was attended by journalists from throughout Europe and representing all the major agencies. Later in the day Mirabaud announced new elections to the board of the Swiss Bankers Association, including Swiss Finance Institute Foundation Board member Patrick Odier.
