The bilateral agreements signed with the EU have brought prosperity to Switzerland. Their strengthening by a common contractual ground is in the best interest of our country, because there is no alternative. This is the reason why Yves Mirabaud, the President of the Association of Swiss Private Banks, pleads in the Tages-Anzeiger for the present Framework Agreement with the EU.

The Association of Swiss Private Banks (ASPB) currently comprises 9 member banks with assets under management of more than 800 billion Swiss francs and employing approximately 8300 people across the globe, two third of them in Switzerland. Its permanent Secretariat is located in Geneva. The ASPB's primary mission is to establish and maintain conditions that support the development of the private and institutional asset management sector in Switzerland.

The members of the ASPB are Swiss private banks active mainly in private and institutional asset management, and regulated by the Federal Law on Banks and Savings Banks of 8 November 1932.