In the 1949 film classic The Third Man, the racketeer Harry Lime, played by Orson Welles, contemptuously dismisses Switzerland with the remark: 'In Switzerland they had brotherly love, five hundred years of democracy and peace, and what did they produce? The cuckoo clock.'
If Graham Greene, the scriptwriter on that film, were putting together those lines now, he might add something else to the list: comfortable stagnation.
The Swiss economy, once one of the most efficient in the world, appears
- Brexit novations ‘on hold’ to gain reg relief
- Banks hope final FRTB rules will ease NMRF burden
- Functional programming reaches for stardom in finance
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- Mifid data publishers drag feet on Esma guidelines