Clarity on Performance of Swiss Private Banks - Crisis as a catalyst for change

The crisis came after a period of generally favorable financial markets in 2019, which had already built greater confidence among Swiss banks. As a result of the Covid-19 related lockdown, banks swiftly implemented crisis management measures. This enabled them to continue serving clients from home offices without significant disruption. The speed with which change has been implemented following the lockdown - and the benefits this change has already begun to produce - has given banks the confidence that change is possible, and that it can deliver tangible results in a very short timeframe.