Press releases

AMAS, SBA und SIA welcome the Federal Council’s approach on greenwashing

Focus on further development of self-regulation and dialogue with the authorities

  • The integrity of financial products and services is of central importance for the Swiss financial center. The Asset Management Association Switzerland (AMAS), the Swiss Bankers Association (SBA) and the Swiss Insurance Association (SIA) therefore reject any form of greenwashing.
  • AMAS, the SBA and the SIA have already taken measures to avoid greenwashing since 2022 due to this motivation. They will implement the Federal Council's call to further develop the self-regulations together with the relevant stakeholders.
  • The three associations remain convinced that self-regulation is an effective and, compared to principle-based regulation, more flexible instrument to avoid greenwashing.
  • AMAS, the SBA and the SIA will continue to fully support the Federal Council in its efforts and actively engage in dialogue with the authorities to jointly strengthen Switzerland's position as a leading hub for sustainable finance.

The involved associations share the Confederation's objective of making the Swiss financial market a leader in the area of sustainability. The integrity of financial products and services is of paramount importance for the Swiss financial center. That is why AMAS, the SBA and the SIA reject any form of greenwashing.

Based on this motivation, AMAS, the SBA and the SIA have already taken measures in 2022 to prevent greenwashing and ensure the credibility of the Swiss financial center. In June 2022, SBA published two self-regulations in the area of sustainable finance with minimum requirements for the consideration of sustainability criteria in investment advice as well as asset management and mortgage advice. AMAS published the "Self-regulation on transparency and disclosure for sustainability-related collective assets" in September 2022. These self-regulations have been in force since 1 January 2023 and 30 September 2023 respectively. SIA is currently drafting a self-regulation for unit-linked life insurance products that builds on the self-regulations of the SBA and AMAS, which is expected to be adopted in the first quarter of 2024.

Self-regulation as an effective and flexible regulatory basis

Regarding the Swiss financial center, AMAS, the SBA and the SIA are convinced that, with the self-regulations, an effective and flexible set of rules exists that avoids greenwashing in the Swiss financial industry. It is the appropriate and, compared to principle-based regulation, more flexible instrument to avoid greenwashing. Irrespective of possible regulatory developments, the self-regulations will therefore be further developed in the coming years to always ensure effective guidelines for the Swiss financial center to prevent greenwashing.

Internationally compatible principle-based regulation

In the case of a possible future principle-based regulation, AMAS, the SBA and the SIA demand that the latter should cover all players in the Swiss financial center and all specific financial products related to sustainability in the sense of a level playing field. Furthermore, they assume that Swiss regulation is compatible with international regulations and will avoid any kind of "Swiss Finish".

AMAS, the SBA and the SIA will continue to fully support the Federal Council in its efforts and actively engage in dialogue with the authorities to jointly strengthen Switzerland's position as a leading hub for sustainable finance.

2023

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Press release 14/2023

AMAS, SBA und SIA welcome the Federal Council’s approach on greenwashing

25 October 2023

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DE FR
Press release 13/2023

Swiss fund market faces headwind of the financial markets
24 October 2023

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Media Release 12/2023

Effective sustainable investment: the Asset Management Association Switzerland and Swiss Sustainable Finance launch the “Swiss Stewardship Code”
4 October 2023

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Media Release 11/2023

Swiss Prime Site Solutions becomes AMAS member

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DE FR
Media Release 10/2023

AMAS increases environmental transparency in real estate funds

EN
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Press Release 09/2023

Asset Management Study 2023

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DE FR
Media Release 08/2023

Basler Kantonalbank joins AMAS

EN
DE FR
Media release 07/2023

Performance gains drive the recovery of the Swiss fund market

DE
Medienmitteilung 06/2023

Pensionskassenvermögen: Starke Korrektur ist ein Weckruf für Reformen

(the document is not available in the current language Englisch, but in another language)
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Media release 05/2023

Asset Management Day 2023 and General Assembly AMAS -
Summit on prospects and risks in asset management

EN
DE FR
Media release 04/2023

AMAS: Real estate fund management Pure Funds as new member

EN
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Media release 03/2023

Swiss fund market on the road to recovery

EN
DE FR
Media release 02/2023

Swiss fund market: Overall performance reduces volume

EN
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Media release 01/2023

Cantonalbanks of Schwyz and Zug join AMAS

Broadening of SFC Membership base

The Swiss Finance Council (SFC) and its founding members Credit Suisse and UBS are pleased to announce that the Association of Swiss Private Banks (ABPS), the Asset Management Association Switzerland (AMAS), the Swiss Bankers Association (SBA) and the Association of Swiss Asset and Wealth Management Banks (VAV) are joining the SFC. This will strengthen further the collaboration in representing the interests of internationally active Swiss banks and asset managers with EU stakeholders.

Link to the press release

2022

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Media release 12/2022

Swiss fund market: Performance puts pressure on volume

EN
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Media release 11/2022

Strong Swiss asset management tackles major challenges

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DE FR
Media Release 10/2022

Sustainable finance: AMAS introduces a self-regulation for asset managers and producers of collective investment products

EN
DE FR
Media Release 09/2022

Swiss Asset Management Study 2022 – Stimulating economic growth and contributing to a sustainable pensions system

EN
DE FR
Media Release 08/2022

Crypto Finance (Asset Management) AG joins AMAS

EN
DE FR
Media Release 07/2022

Swiss fund market: market distortions cause volume to shrink

Media Release 06/2022

Switzerland leads the way with launch of Swiss Climate Scores for financial investments

EN
DE FR
Media Release 05/2022

AMAS introduces environmentally relevant key figures for Swiss real
estate funds

DE FR
Media Release 04/2022

Pensionskassenvermögen im Jahr 2021: 3. Beitragszahler steuert 85 Milliarden Franken bei

(the document is not available in the current language Englisch, but in another language)
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Media release 03/2022

Sustainable finance: AMAS is committed against greenwashing

EN
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Media release 02/2022

Fund market balance of the first quarter 2022: Swiss fund market feels impact of Ukraine war

EN
DE FR
Media release 01/2022

Investment manager for private markets and audit company join AMAS

2021

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Media release 16/2021

Record growth in the Swiss fund market

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DE FR
Media release 15/2021

AMAS joins Net Zero Asset Managers Initiative

EN
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Media release 14/2021

AMAS welcomes the decision in the National Council to introduce the innovative fund category L-QIF

EN
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Media release 13/2021

iCapital Network and Banque Heritage join Asset Management Association Switzerland

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DE FR
Media release 12/2021

Asset Management Association Switzerland (AMAS) and Swiss Sustainable Finance (SSF) publish Recommendations on Minimum Requirements and Transparency for Sustainable Investment Products

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DE FR
Media release 11/2021

Continuous inflows in the Swiss fund market

DE
Media Release 10/2021

Asset Management Association Switzerland wächst

(the document is not available in the current language Englisch, but in another language)
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Media release 09/2021

Positive outlook for Swiss asset management

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DE FR
Media release 08/2021

Swiss Asset Management Study 2021 – Strong growth in a challenging year

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DE FR
Media release 07/2021

Swiss fund market reports pleasing half-yearly result

EN
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Media release 06/2021

Swiss fund market posts further growth

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Media release 05/2021

Swiss fund market posts slight gain

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DE FR
Media release 04/2021

Swiss fund market posts further gains

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DE FR
Media release 03/2021

Swiss fund market growing again

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DE FR
Media release 02/2021

Swiss fund market posts slight gain thanks to new money

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DE FR
Media Release 01/2021

Swiss fund market posts growth of approximately CHF 90 billion in 2020