Brexit, positive event for Swiss banks?

Swiss banks could benefit from a possible Brexit, while taking account of the turmoil that would affect the markets is what emerges in a conference organized by Reuters in Zurich today.

"In the area of asset management, the Swiss would take advantage of a Brexit" the director of the Swiss branch of the consulting firm Boston Consulting Group says, whereas London is the city where more billionaires, from Asians to Russians.

"Whenever there are uncertainties triggered the effect safe harbor", the Head of UBS Wealth Management Jürg Zeltner stressed. "We'll see for sure something." Given the low interest rates, the questions on the US monetary policy and doubts about many wealthy Chinese growth are forgoing to invest up to 30% of their assets. "In the event of major market corrections would think to protect their assets," Zeltner said.

In addition to strengthening this hypothesis is the trend of the Swiss franc, which has strengthened in the last week. However, it is not the opinion of all those present at the conference: some see bad customers move billions from Britain to Switzerland, considering that even the federal government is not part of the EU. Moreover – it is emphasized – the political and legal system English will not change in the space of one night.