Thomas Jordan: The importance of good framework conditions for the Swiss financial centre

Speech by Mr Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, at the Lugano Banking Day, Lugano, 26 October 2020.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Ladies and gentlemen,

I am pleased that this important event can go ahead at the second attempt, despite the continuing exceptional circumstances. Of course, I regret very much that the audience cannot be physically present. Despite all the digital possibilities available to us now, direct contact with the general public and with business remains very important for the Swiss National Bank.

Coronavirus has not only impeded the holding of this centenary celebration, it has also had a far-reaching impact on the economy and our social interaction. I am therefore particularly pleased to have this opportunity to congratulate the Ticino Banking Association in person on its 100th anniversary.

As Chairman of the SNB's Governing Board, I visit Ticino often and have meetings with representatives of the Ticino Banking Association on an annual basis - under normal circumstances. The SNB has had good relations with your association for many years. This is not surprising, since the Ticino financial centre has a long history, as this centenary anniversary proves.