Swiss banks are expressing concerns about potential excessive regulation as Switzerland remains a leader in international asset management.

Currently, Switzerland manages almost $2,200 billion in assets for foreign clients, surpassing both the United Kingdom and the United States.

However, this prominent position is reportedly at risk due to a tarnished reputation following the collapse of Credit Suisse in March 2023.

The incident has significantly impacted Switzerland's status as a preferred destination for investors, leading to concerns among financial institutions about the implications of increased regulatory measures.

As the global financial landscape evolves, the Swiss banking sector is urging caution to maintain its competitive edge and protect its reputation in the international market.