How do the Swiss financial centers compare to the rest of the world *

Transcription

1 Globl Swiss ficil ctrs Zurich Vu Bsl Gv Ticio How o th Swiss ficil ctrs comr to th rst of th worl * * Ls lcs ficièrs suisss fc u rst u mo Illustrtio : virtulipo Goi Public I Switzrl Luks Schwittr Scil thks to th Swiss Dsi Istitut for Fic Bki i Zurich, Uivrsity of th Arts. SWISS BANKING YEARBOOK - L é bcir

2 To 10 Swiss Bki Yrbook 13 # 1 Loo # 10 Toroto 731,171 billio USD 260,637 billio USD 14,067,000 5,936,000 7,890,000 35,7% 2,995,000 27,8% # 8 Chico # 2 Nw York # 9 Gv 524,642 billio USD 1,209,637 billio USD 37,27 billio USD 9,547,000 19,128, ,000* 4,380,000 8,597, ,000 30,0% 26,9% 11%**.26 SWISS BANKING YEARBOOK - L é bcir 2013 * Gv + Frch zo * * Ficil srvics oly

3 To 10 Swiss Bki Yrbook 13 # 5 Zurich # 6 Soul # 7 Tokyo 94,923 billio USD 773,864 billio USD 1,519,434 billio USD 1,875,000 24,0577,000 36,660,000 1,206,000 12,402,000 18,718,000 10,5%* 24,1% 19,4% * Ficil srvics oly To 10 lobl ficil ctrs Gross Ntiol Prouct Sourcs Brookis Istitut PwC Gèv Plc Ficièr Zurich - Fizltz 00,000,000 Totl Poultio Totl Emloymt # 4 Sior # 3 Ho Ko 00,0% Ficil Busiss Srvics Totl Emloymt 327,243 billio USD 350,453 billio USD > 400,000 5,234,000 7,200,000 > 300,000 > 200,000 > 100,000 3,214,000 20,5% 3,663,000 18,9% 0-100,000 Ficil Srvics Emloys Altr Eo Méis SWISS BANKING YEARBOOK - L é bcir

4 Globl Swiss ficil ctrs Both Gv Zurich s thir rtis rkis rorssi i th 12 th itio of th Globl Ficil Ctrs Ix ublish by Z/Y Grou. Witi for th xt itio to b ublish o 24 Mrch GFCI 12 GFCI 11 CHANGES Ctr Rk Rti Rk Rti Rk Rti Loo Nw York Ho Ko Sior Zurich Soul Tokyo Chico Gv Zurich Gv i th Toroto To 10 worl ctrs To 20 rti rki To 20 Evlutios t clssmt GFCI 12 GFCI 11 CHANGES Ctr Rk Rti Rk Rti Rk Rti Loo Nw York Ho Ko Sior Zurich Soul Tokyo Chico Gv Toroto Bosto S Frcisco Frkfurt Wshito D.C Syy Vcouvr Motrl Mlbour Shhi Jrsy Evry six moths sic 2007, th Globl Ficil Ctrs Ix (GFCI) ublish by Z/Y Grou rovis rofils, rtis rkis for 77 ficil ctrs, rwi o two srt sourcs of t: istrumtl fctors (xtrl iics) rsoss to oli survy. My fctors combi to mk ficil ctr comtitiv. Th GFCI rws o ovr 86 istrumtl fctors which r rou ito fiv rs of comtitivss: Pol, Busiss Eviromt, Ifrstructur, Mrkt Accss Grl Comtitivss. I itio, GFCI uss rsoss to ooi oli qustioir comlt by itrtiol ficil srvics rofssiols. Rsots r sk to rt thos ctrs with which thy r fmilir to swr umbr of qustios rlti to thir rctios of comtitivss. Ovrll, 28,180 ficil ctr ssssmts from 1,890 ficil srvics rofssiols wr us to comut th lst itio of th GFCI, with olr ssssmts iscout ccori to. Ovrll rtis combi scors bs o both istrumtl fctors ssssmts by GFCI rsots rou th worl. Loo, Nw York, Ho Ko Sior hv cosisttly b i th to four of th Globl Ficil Ctrs Ix. W cotiu to bliv tht th rltioshi btw Loo, Nw York Ho Ko is mutully suortiv. Whilst som iustry rofssiols still s rt l of comtitio, othrs from th iustry r to rcois tht worki tothr o crti lmts of rultory rform is likly to hc th comtitivss of ths ctrs. I GFCI 12, th to 10 iclus thr Euro ctrs, thr North Amric ctrs four Asi/Pcific ctrs. Of ths, oly thr ctrs, ll Euro, Loo, Zurich Gv - s thir rti imrov, with Zurich Gv lso rorssi i trms of rki rsctivly to th 5 th 9 th rk. Sv ctrs xric clii rtis iclui ll four Asi/Pcific ctrs. Th st tr of lr riss i rtis of Asi/Pcific ctrs rs to hv stll i GFCI 12. GFCI rsots bliv howvr tht Asi ctrs will cotiu to bcom mor siifict i th mium to lo trm..28 SWISS BANKING YEARBOOK - L é bcir 2013

5 Globl Swiss ficil ctrs li ichl Mil Profssor M rou Z/Y G Gut Chir vo G Z/Y rou Evlutio t clssmt rorssio our ls ux ricils lcs ficièrs suisss, slo l Globl Ficil Ctrs Ix ublié r Z/Y Grou. E ttt l ouvu clssmt, fi mrs rochi. T ous ls six mois uis 2007, GFCI, l Globl Ficil Ctrs Ix (Ix moil s lcs ficièrs) ublié r Z/Y Grou, livr rofils, ottios t clssmts our 77 lcs ficièrs, s uyt sur ux sourcs isticts oés : s fcturs istrumtux (iics xtrs) t ls réoss à u quêt li. D ombrux élémts trt ju our étrmir l cométitivité u lc ficièr. GFCI s ui sur 86 fcturs istrumtux, rroués ciq ôls cométitivité : ls cturs, l climt s ffirs, ls ifrstructurs, l ccès u mrché t l cométitivité éérl. D lus, GFCI utilis ls réoss à u qustioir li rmli r s rofssiols issus s srvics ficirs itrtioux. Ls réots sot ivités à clssr ls lcs qu ils coisst t à réor à u crti rikthm qustios rltivs à lur rctio l cométitivité. Aisi, évlutios lcs ficièrs, rélisés r 1890 rofssiols, ot été utilisés our l 12 éitio u GFCI, lus u crti ombr évlutios tériurs, oérés slo lur cité. Ls stimtios combit oc éfiitiv s fcturs istrumtux t ls réoss u qustioir GFCI s l mo. Lors, Nw York, Ho Ko t Siour s sot systémtiqumt clssés s l to qutr u GFCI uis s rmièr ublictio. Pour Z/Y Grou, l rltio tr Lors, Nw York t Ho Ko st lrmt u à u souti mutul. Si qulqus rofssiols l iustri y voit toujours l résultt u fort cocurrc tr lls, utrs st qu l ccroissmt cométitivité cs lcs vit u fit qu lls sot més à trvillr smbl sur crtis moifictios l rélmttio s mrchés. Ds l éitio 2012 u GFCI, ls ix rmièrs lcs ficièrs cités s rértissit tr trois uroés, trois or-méricis t qutr situés s l zo Asi/Pcifiqu. Suls trois tr lls - Lors, Zurich t Gèv, touts uroés, - o vu lur ottio mélioré, Zurich t Gèv rorsst élmt u clssmt t s lçt rsctivmt ux 5 t 9 rs. St rcult, otmmt ls qutr Asi/Pcifiqu. Ds ctt éitio u GFCI, l tc fort croissc s ottios s lcs Asi/Pcifiqu smbl ssé, mêm si ls réots st qu ls ctrs sitiqus cotiurot à rr l imortc, à moy t lo trm. th GFCI Y Z/ t rormm u Abo Futurs tr C l /Y ci by Z f th Fi i 2007 s I is rt o v crt v socity ti i ro it Th GFC i im to, s c im. i c lo trm of Lo F Lo Fi ovr th socitl Coll. f fic o romoti s Grshm u k k-t offics i i h th it l w t i urs commrc choloy, t i ry six v l r fic ut Z/Y is. GFCI is uh btt ro th rl c z v i Swit UK i both th cil Ctr moths. m Fi m r r ro 7 rti u cé 200 if FCI fit rojt l ur objct L ix G c, u i c o F i F o à lo L o c L. s r fi Futu l m Coll t l us ht à l Grsh Z/Y t réhsio roit rivé chrc m co l r oloi. Il k r o li ch t é t k m i é c t l st u th fi été ubli l /Y r Z I. trm s socil iss. GFC rè u S. ro 7 0 t 0 l 2 i fvorisr mrs yum-u té u Ro r l rou Z/Y st iml is fo rmièr ois. our l ls six m lisé tous u ct st Ii tml o: fcf-fci.h Iformti c.t/ fi o.l w htt://ww SWISS BANKING YEARBOOK - L é bcir

6 cil Ctrs Ix 12 Globl Swiss ficil ctrs ry Sctors Iustry sctor sub-iics r crt by Th to four ctrs i th GFCI 12 ovrll ix Zurich Gv hv cosisttly comr to th GFCI to four ctrs, Zurich Gv s buili th GFCI 12 sttisticl mol usi oly r to of th Asst Mmt, Govrmt ftur i th to 15 ficil ctrs sic rtis cotiu to ris whil thr of th to four ctrs - th qustioir rsoss from rsots & Rultory, Isurc Profssiol GFCI ws first ublish i I GFCI Nw York, Ho Ko Sior sw thir rtis worki i th rlvt iustry sctors. Th Srvics sub-iics. 12 (Stmbr 2012), Zurich rks 5th with cli sic GFCI 11. For th lttr two, this cli is rt GFCI 12 tst hs b ovrll us rti to rouc of 691 whil Gv rks 9th with of tr tht hs s Asi ctrs iclui Ho Ko, srt sub-iics for th rti Bki, of 683, Asst islyi lss th Th wlth 100 oits mmt sub-ix shows Sior, tht Tokyo, Shhi, Biji, Tii Shzh Mmt, Isurc, iffrc Profssiol with Srvics, Loo, th worl th scilist to ficil wlth mmt ctrs stll c or fll i GFCI 12. GFCI rsots iict, howvr, Govrmt & Rultory ctr ccori Wlth to th GFCI. comt with th multi-sctor lobl ctrs. tht this tr is tmorry. Mmt & Privt Bki Zurich sctors. Gv r rr s firly stbl I Euro, Zurich Gv cosolit thir ositios comtitiv ficil ctrs loblly. Wh Loo rs t th tocosiri of fiv of th thir six subiics. Nw York tos thctrs Bki sm sub-ix. to follow similr rorssio volutio ovr tim, both Tbl 11 blow shows th with to t th rk i rtis bcomi smllr. Wh s li ctrs ftr Loo, whilst Frkfurt Pris hv fll bck slihtly sic GFCI 10 (Stmbr 2011) most likly u to th oliticl ucrtity th ffcts of th Eurozo crisis. ficil ctrs i th iustry sctor subiics: Th Globl Ficil Ctrs Ix Rki ccori to iustry sctors Tbl 11 GFCI Clssmt 12 iustry sctor slo sub-iics ls scturs To 10 l fic Rk Asst mmt Bki Govrmt & rultory Isurc s of Comtitivss Th5 istrumtl Bosto (-1) fctorstokyo us(-) i th GFCI Frkfurt 12 (-1) mol 7 r Chico rou (+1) itofrkfurt fiv ky(+2) rs oftokyo (-) Tokyo (-) Gv (+14) Gv (+1) Chico (-) Gv (-) Toroto (-) comtitivss 8 Toroto (-1)(Pol, Zurich Busiss (-1) Eviromt, Gv (+3) Chico (-1) Toroto (-1) Vcouvr (+1) Mrkt Accss, Ifrstructur Grl my rs. 9 Zurich (+1) Toroto (-) Zurich (+3) Soul (+10) Syy (+4) Frkfurt (+3) Comtitivss). Th GFCI 12 fctor Privt Bkr bs i Gv 10 S Frcisco (-4) Chico (-3) Toroto (-) Syy (+3) Motrl (+6) Jrsy (-2) ssssmt mol is ru with o st of istrumtl fctors t tim. Tbl 12 shows th to t rk ctrs i ch sub-ix: Zurich Rki mitis ccori its to stro fiv rs ruttio of comtitivss for rivt bki Tbl 12 GFCI Clssmt 12 Ar of slo comtitivss ciq critèrs sub-iics cométitivité To 10 Th.30 to four SWISS ficil BANKING ctrs YEARBOOK i GFCI - L é 12 bcir 2013 Loo, Nw York, Ho Ko Sior Profssiol srvics Wlth mmt 1 Loo (-) Nw York (-) Loo (-) Loo (+2) Loo (-) Loo (-) 2 Nw York (-) Loo (-) Nw York (-) Nw York (-) Nw York (-) Zurich (+4) 3 Sior (+1) Soul (-) Ho Ko (-) Sior (+2) Ho Ko (-) Ho Ko (-) 4 Ho Ko (-1) Ho Ko (-) Sior (-) Ho Ko (-3) Sior (-) Nw York (-2) 5 Tokyo (+4) Sior (-) Pris (+1) Zurich (+3) Zurich (-) Sior (+1) It is oo to s Gv s scor ow rflcts its strths i so wlth mmt sit itrtiol rssur for mor isclosur. Rk Pol Busiss viromt Mrkt ccss Ifrstructur Grl comtitivss Privt Wlth Mr bs i Zurich 1 Loo (-) Loo (-) Loo (-) Loo (-) Loo (-) 2 Nw York (-) Nw York (-) Nw York (-) Nw York (-) Nw York (-) 3 Ho Ko (-) Ho Ko (-) Ho Ko (-) Ho Ko (-) Ho Ko (-) 4 Sior (-) Sior (-) Sior (-) Sior (-) Sior (-) 5 Zurich (+5) Zurich (+3) Zurich (+1) Zurich (+2) Zurich (+3) 5 Tokyo (-1) Gv (+4) Gv (+7) Soul (-) Soul (-1) 7 Soul (-) Soul (-2) Tokyo (-2) Gv (+2) Tokyo (-1) 8 Chico (-1) Tokyo (-1) Chico (+1) Tokyo (-3) Gv (+7) 9 Toroto (+5) Chico (-3) Bosto (+2) Chico (-1) Chico (-2) 10 Gv (+5) Frkfurt (+2) Frkfurt (+3) Frkfurt (-) Toroto (-2) Zurich t Gèv ot systémtiqumt été clssés rmi ls 15 rmièrs lcs ficièrs moils uis l rmièr rutio u GFCI Ds GFCI 12, ru stmbr 2012, Zurich s lc 5 vc u ot lobl 691 tis qu Gèv s clss 9 vc u ot 683, fficht mois 100 oits ifférc vc Lors, l rmièr lc ficièr slo GFCI. Zurich t Gèv sot cosiérés comm s lcs ficièrs ssz stbls t cocurrtills. Au fil u tms, ls ux ctrs smblt suivr u rorssio similir, vc u écrt s ls ottios qui s rétrécit. Comrés ux qutr rmièrs lcs, Zurich t Gèv cotiut lur scsio, tis qu trois cs qutr lcs ricils - Nw York, Ho Ko t Siour - ot vu lurs ottios éclir uis GFCI 11. Cocrt cs ux rièrs, l biss suit u tc qui voit ls lcs sitiqus, ot Ho Ko, Siour, Tokyo, Shhi, Biji, Tii t Shzh, str ou bissr s l clssmt GFCI. Ls réots à l quêt iiqut ct qu ctt tc st tmorir. E Euro, Zurich t Gèv cosolit lurs ositios lcs omits rès Lors, tis qu Frcfort t Pris o cou u lér rcul rès GFCI 10 (Stmbr 2011) robblmt riso l icrtitu olitiqu t s ffts l cris l zo Euro.

7 Switzrl Swiss ficil ctrs Switzrl s oo loctio for ficil srvics Switzrl is oft cosir s sil ficil ctr, but ficil srvics ctivitis tk lc rimrily throuh fiv hubs: Zurich, Gv, Bsl, Ticio Vu. I Switzrl, th ficil sctor itslf is suorti illr of th coomy, rti rly 11% of th tiol GDP mloyi ovr 211,000 ol. Bks r th ky lyrs i th sctor. Switzrl h 305 bks uthoris by Fim t th of Wlth mmt is t th cor of Swiss bki ctivitis. Historiclly, Switzrl i romic i wlth mmt uri th 20 th ctury thks to th combitio of stbl currcy coomy, utrl olicy robust bk clit cofitility. At th of 2011, Swiss bks m ssts totlli CHF 5,300 billio of which 51% blo to fori clits. Switzrl is i li lyr i cross-borr rivt wlth mmt with 27% shr of th mrkt. Thr Swiss bks, iclui UBS Crit Suiss, c b fou i th to t of th worl s bist wlth mrs. Th sco most imortt lyrs r isurrs. I 2010, 66% of thir lobl rmium icom for rivt isurc r-isurc ws rt bro iicti thir hih lvl of itrtiolistio. Swiss isurc comis hv icrsily scilis i r-isurc mki of Switzrl th fourth lrst lyr i risurc i th worl. Switzrl is lso mjor lyr i currcy tri, commoity tri commoity tr fic s wll s i th mmt of fus h fus. Switzrl is oft cosir s sil ficil ctr, but ficil srvics ctivitis tk lc rimrily throuh fiv hubs Zurich, Gv, Bsl, Ticio Vu. Of ths, oly Zurich Gv r currtly iclu th Globl Ficil Ctrs Ix. ky fiurs Swiss Gross Domstic Prouct billio CHF billio CHF Ficil sctor A Vlu A Vlu s % of GDP 10,5% # 1 Loo 781 Zurich # Gv # SWISS BANKING YEARBOOK - L é bcir 2013

8 Switzrl Swiss ficil ctrs L Suiss st souvt cosiéré comm u lc ficièr tt qu tll, mis srvics ficirs t ctivités s y éroult ricilmt à trvrs ciq ôls : Zurich, Gèv, Bâl, Tssi t Vu. L sctur ficir st u ilir l écoomi suiss, éért rès 11% u PIB tiol t mloyt lus rsos. Ls bqus sot ls riciux cturs c sctur. Fi 2012, l Suiss comtit 305 bqus utorisés r l Fim. L stio fortu st u cœur s ctivités bcirs suisss. Historiqumt, l Suiss é imortc s l stio trimoi u cours u 20 siècl, râc à l combiiso u moi t u écoomi stbls, u olitiqu utrlité t u scrt bcir soli. Fi 2011, ls bqus suisss érit s ctifs s élvt à millirs frcs suisss, ot 51% rtt à s clits étrrs. L Suiss st fft u ctur rmir l s l stio trsfrotlièr fortus rivés vc u rt mrché 27%. Trois bqus suisss, ot UBS t Créit Suiss, s situt rmi ls ix riciux stioirs fortu u mo. Ls scos cturs ls lus imortts sot ls sociétés ssurc. E 2010, 66% lur chiffr ffirs ssurc rivé t réssurc été rélisé à l étrr, c qui iiqu lur hut ivu itrtiolistio. Ls comis ssurc suisss s sot lus lus sécilisés s l réssurc, roulst l Suiss u qutrièm r moil s c sctur. L Suiss st élmt u ctur imortt u éoc s viss, s mtièrs rmièrs, u ficmt u commrc s rouits bs isi qu l stio fos lcmt t fos sécultifs. L Suiss st souvt cosiéré comm u lc ficièr tt qu tll, mis ls srvics ficirs t ls ctivités s y éroult ricilmt à trvrs ciq ôls : Zurich, Gèv, Bâl, Tssi t Vu. Prmi ux, suls Zurich t Gèv sot ctullmt itérés u Globl Ficil Ctrs Ix. Ficil sctor mloymt Totl Emloymt Ficil srvic ctivitis 6,2% 124,400 Sourcs Stt Scrtrit for Itrtiol Ficil Mttrs (SIF) Kto Zürich Rubblic Cto Ticio USTAT, Dti, Ticio Gèv Plc Ficièr Zurich - Fizltz Associzio Bcri Ticis Swiss Bkrs Associtio 211,400 Ficil sctor 47,900 Isurc Psio fui sctor 228 Isurc comis 305 Bks 2265 Psio fus 39,100 Activitis uxiliry to ficil srvics isurc ctivitis SWISS BANKING YEARBOOK - L é bcir

9 Switzrl Swiss ficil ctrs Zurich Zurich is itrtiolly row ficil Zurich st u lc ficièr itrtiolmt cil Ctrs Ix 12 ctr it hs cosisttly rk i th to rommé qui s st toujours clssé s l to 10 sic GFCI ws first ublish. I 2011, 10 uis l rmièr ublictio u GFCI. E Zurich cotribut to rly hlf (47%) of th 2011, Zurich cotribué à rès l moitié vlu of th whol ficil sctor i (47%) l vlur jouté u sctur ficir Switzrl. Zurich is hom to th Swiss Stock Suiss. Zurich hébr Swiss Stock Exch Exch (SIX), o of th lrst xchs i (SIX), u s bourss ls lus imortts Zurich s Euro ovrll i trms vr of mrkt ssssmt citlistio is 721 u (SIX, from 717 i Euro GFCI 11. trm North citlistio boursièr. L Amric 2013 ). Th ssssmts tiol xch of Zurich hs tothr ort with sic thos from bours th Mil tiol Est foctio uis 1996, é 1996 followi th mrr btw Zurich, l fusio tr clls Zurich, Bâl, Gèv & Afric r stro. Offshor Euro rsots r much closr to Bsl, Gv Lus s xchs. t Lus. th m. Asi/Pcific rsots r lss fvourbl. Chrt 10 Assssmts by rio iffrc from th m Zurich M without Euro ssssmts Mil Est/Afric (1.7%) Lti Amric (0.3%) North Amric (7.4%) Euro (45.5%) Asi/Pcific (14.8%) Offshor (30.3%) Cotributio to th Swiss GDP 47% Cotributio to th cto GDP 22,5% Ficil sctor mloymt 96,000 Assssmt by rios Frkfurt s Evlutios ovrll vr slo ssssmt ls réios is 702 ow réots slihtly from 705 i GFCI 10. Frkfurt is iv lowr ssssmts by ol bs i offshor Exmii th ssssmts iv to ch mjor ctr is usful ms of Alysr ls évlutios chqu lc ficièr mjur st u moy util loctios ssssi th Lti rltiv Amric. strth wkss of thir ruttio i iffrt évlur ls forcs t ls fiblsss rltivs lur réuttio s ls utrs rio. Zurich is rlly wll rciv rt by GFCI rsots, scori réios u lob. Zurich st éérlmt bi rçu r ls réots GFCI, Chrt 721 o 11 ssssmts Assssmts i GFCI by 12, rio u from 717 iffrc i GFCI 11. from North th Amric m Frkfurt ttit isi u ot 721 s GFCI 12, huss 4 oits. Ls ssssmts of Zurich tothr with thos from th Mil Est & Afric r évlutios or-méricis Zurich t clls u Moy-Orit t l Afriqu stro. Offshor Euro rsots r much closr to th m, whil sot élvés. Ls réots offshors t uroés sot bucou lus rochs Asi/Pcific rsots r lss fvourbl. Asi/Pcific (23.4%) M without l moy, tis qu cux Asi/Pcifiqu sot mois fvorbls. Euro Mil Est/Afric (2.6%) ssssmts Vu Mil Est/Afric (1.5%) Cotributio to th Swiss GDP Lti Amric (0.3%) Lti Amric (0.3%) North Amric (12.7%) Lus/Vu is th thir ficil ctr i Lus / Vu st l 3 lc ficièr Offshor (9.4%) Switzrl, wll rr for its ctivitis i Suiss, réuté our ss ctivités stio wlth mmt isurc srvics, Euro trimoi (51.6%) t ss srvics ssurc mis Lus/Vu is lso scilis i citl élmt sécilisé s l citl-risqu, l risk, corort fic tr fic (Ett ficmt s trriss t l ficmt Vu). Th rio lso tks vt of th u commrc. L zo rofit élmt umrous hihr uctio istitutios such s ombruss istitutios simt Chrt th Uivrsity 12 Assssmts of Lus, by IMD, rio th EPFL, iffrc suériur from th comm m l Uivrsité Gv Lus, HEC s wll s th Itrtiol Ctr for l IMD, l EPFL, HEC t l Ctr itrtiol Ficil Asst Mmt Eiri. iéiri t stio s ctifs ficirs. Asi/Pcific (12.3%) 8,5% Ficil sctor mloymt Bsl M without North Amric (8.6%) Euro ssssmts Offshor (34.9%) 6,5% Euro (42.3%) 5% Cotributio to th cto GDP 13, SWISS BANKING YEARBOOK - L é bcir 2013 Bsl (tow) is othr mjor ficil ctr i Switzrl, with ficil ctivitis ccouti for rly 5% of th vlu of th sctor t tiol lvl. Scilis i rivt bki, risk citl isurc, Bsl hosts th hqurtrs of UBS of th Bk for Itrtiol Sttlmts. I itio, it is whr th Swiss Bkrs Associtio ws oriilly fou i Cotributio to th Swiss GDP 9, Cotributio to

10 Offshor (30.3%) Euro (45.5%) Frkfurt s ovrll vr ssssmt is 702 ow slihtly from 705 i GFCI 10. Frkfurt is iv lowr ssssmts by ol bs i offshor loctios Lti Amric. Switzrl Swiss ficil ctrs Chrt 11 Assssmts by rio iffrc from th m Frkfurt Gv Gv hs cosisttly rk i th to 15 Gèv été réulièrmt clssé s l To 15 ctrs sic th GFCI ws first ublish. Asi/Pcific I (23.4%) M without 2011, uis l rmièr rutio Euro u GFCI. E 2011, ll Gv cotribut to rly Mil13% Est/Afric of th (2.6%) vlu cotribué à rès 13% ssssmts l vlur jouté u by th ficil sctor tiolly, mki it sctur ficir à l échll tiol, c qui fit Lti Amric (0.3%) th sco ficil ctr i Switzrl. Gv l 2 ctr Suiss. Ell st ujour hui u ctur is mjor lyr i wlth North mmt Amric (12.7%) hs bcom stro cotr i Commoity Tri moil s l éoc s mtièrs rmièrs t l Offshor ficmt (9.4%) u commrc s rouits bs. Commoity Tr Fic. With rou 400 Avc rès 400 sociétés t lus 8000 mloyés Euro (51.6%) tri comis ovr 8000 mloys i s c sctur, Gèv st u ctur moil our this -150 sctor, Gv -100 is umbr o -50 worlwi i ris oil ss, s wll s cotto (ti with Loo) is th li ctr i Euro for tri i sur. 0 l stio 50fortu mis 100 ussi s l 150 éoc s céréls t oléiux, isi qu s l coto (à élité vc Lors) t st l lc ficièr omit Euro our l commrc u sucr. Chrt 12 Assssmts by rio iffrc from th m Gv Mil Est/Afric (1.5%) Lti Amric (0.3%) M without Euro ssssmts Euro (42.3%) Asi/Pcific (12.3%) North Amric (8.6%) Offshor (34.9%) Cotributio to th Swiss GDP 13% Cotributio to th cto GDP 17,5% Ficil sctor mloymt 30,000 Assssmt by rio Evlutios slo ls réios réots Lik Zurich, Gv is rlly wll rr by GFCI rsots scors 709 o ssssmts i GFCI 12, u from 703 i GFCI 11. Gv is iv lowr ssssmt by rofssiols bs i North Amric to som xtt Offshor ctrs Asi Pcific. O th othr h, Gv joys fvourbl ssssmts by rofssiols bs i Euro, Lti Amric Mil Est/ Afric. Comm Zurich, Gèv st éérlmt bi cosiéré r ls réots t ttit u scor 709 s GFCI 12, huss 6 oits. Gèv rçoit s évlutios lus bsss s rofssiols bsés Amériqu u Nor t, s u crti msur, s ctrs offshor t Asi-Pcifiqu. A l ivrs, Gèv bééfici évlutios fvorbls l rt s rofssiols bsés Euro, Amériqu lti t u Moy-Orit / Afriqu. Bâl (vill) st u utr lc ficièr Suiss imortc, vc s ctivités rréstt rès 5% l vlur jouté u sctur u ivu tiol. Sécilisé s l bqu rivé, l citl-risqu t l ssurc, Bâl ccuill l siè l UBS t l Bqu s rèlmts itrtioux. E outr, c st là qu l Associtio s Bquirs suiss été foé Ticio Ticio is wll kow for wlth mmt ctivitis scilly with Itli clits tht shr commo lu similr cultur. Th ctr hs ivrsifi its ctivitis to iclu sst mmt commoity tri. Ticio is icrsily cotributi to Switzrl s siificc i commoity tri with 70 ortors ctiv i mtls (iclui stl), crbo som soft commoitis. L lc ficièr u Tssi st réuté our ss ctivités stio trimoi rticulir vc ls clits itlis qui rtt u lu t u cultur commus. Ell ivrsifié ss ctivités our y iclur l stio ctifs t l éoc mtièrs rmièrs. Ell cotribu lus lus u rôl l Suiss s l commrc s mtièrs rmièrs râc à 70 oérturs rticulièrmt ctifs s ls métux (y comris l cir), l crbo t crtis rouits ricols. 5% Ficil sctor mloymt Cotributio to th Swiss GDP 10,3% Ficil sctor mloymt th cto GDP 4% 12,000 Cotributio to th cto GDP 9,600 SWISS BANKING YEARBOOK - L é bcir