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Switzerland
                                                                        has  Q: You will soon leave local politics
                                                          been recognized  for national politics. What would
                                                          as a pioneer in this  you like to achieve in that area?
                                                          field. At an early
                                                          stage, Switzerland  My career has always dealt with
                                                          took action against  national and international issues.
                                                          dirty money and I  My aspiration is to represent the
                                                          think, at least on  interests of Geneva in Bern. The
                                                          this point, our ban-  interests of Geneva are very often also
                                                          king reputation is  the interests of Switzerland. First of
                                                          clean. But you may  all, the opening up of Switzerland
                                                          always find excep-  to the world, as well as maintaining
                                                          tions. Sometimes  international Geneva, is a priority.
                                                          there are isola-   Much has been done, but nothing
                                                          ted cases that are  lasts forever, so you have to keep
                                                          highlighted in the  working at it.
                                                          press but, honestly,
                                                          compared to other  Then, of course, comes the European
                                                          banking
                                                                    centres  political aspects that are essential
                                                          in the world, I  for us. How do we handle and regu-
                                                          think that our re-  late our relations with the European
                                                          putation can be  Union, particularly after the vote on
                                                          taken as a refe-   9 February 2015? How do we main-
                                                          rence.             tain the free movement of persons
                                                                             which is essential for Switzerland?
                                                                    banking  The implementation of this vote will
                                                          Swiss
                                                          secrecy is a dif-  take place by 2017 and the Govern-
                                                          ferent issue. It is  ment must find an alternative solu-
                                                          true that we had  tion that respects the popular will.
                                                          to concede ground  If the agreement on abolishing the
         international organizations, multi-  on banking secrecy, stepping back  free movement of people enters into
         national corporations, institutes,  under pressure from outside but  force, other bilateral agreements may
         the academic world, etc., there is  also because of the misbehaviour of  be affected too. This will be an extre-
         a concentration of knowledge and  some of our own banks. Today, the  mely difficult challenge for Switzer-
         power here that is unique in the  automatic exchange of information  land with regard to the European
         world. It is just exceptional that you  is almost an integral part of the bank-  Union. It is of the utmost importance
         can find almost any kind of inter-  ing industry. But these changes have  to find a solution, even if it means, as
         national expertise in Geneva. That,  forced banks to reinvent themselves.  a last resort, organizing another vote
         of course, also has its price. I am on  I am very confident in the Swiss  on the same subject. This issue is a
         the Board of the Centre for Huma-  banks which will adapt quickly to  priority.
         nitarian Dialogue, a small interna-  this new situation. Some have already
         tional humanitarian organization  done so. I believe that the qualities  Yet another priority for Geneva
         that is in particular known for its  of services we offer, such as human  concerns the rail and road infra-
         mediation skills. The question of the  resources, reliability, management,  structure, including the crossing of
         level of expense in Geneva is always  as well as a stable legal and political  the lake. There are many ongoing
         something that is under our consider-  environment, will compensate for  projects whose funding depends in
         ation, but we always compare it to  the loss of banking secrecy.    part on the Confederation. There
         the advantages of being based here.                                 are other issues of equal importance:
         And in the end the advantages of  About the image of the banks in the  one is corporate taxation. We are
         staying prevail.                  eyes of the public, I think there has  conducting a major reform of cor-
                                           been a great deal of exaggeration.  poration taxation imposed on us by
         Q: Do you think that the loss of  Switzerland is associated with bank-  the OECD, and we must also find a
         banking secrecy, stricter inter-  ing in both positive and negative  balance that is acceptable for foreign
         national legislation, rumours  ways. This is something that will  companies so that not only are they
         about money laundering, etc., have  continue. In terms of reputation,  able to reinforce their presence here
         damaged Geneva's reputation as  I do not believe that these clichés  but that new businesses will also be
         an international financial centre?   have caused much damage. The  attracted.
                                           implementation of the new regu-
         Not directly Geneva but it has certain-  lation will further strengthen the
         ly affected Switzerland. We should  image of Swiss banking as a serious,
         separate the issues. Concern-ing the  reliable profession delivering a high
         struggle against money laundering,  quality of service.


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