Kantonalbanken im Spannungsfeld von Political Governance und Corporate Governance
Like the other banks, the cantonal banks are facing the challenges of increasing regulation, digitalisation and the persistently low interest rate environment, and are exposed to the accompanying competitive and margin pressure. They have to virtually reinvent their business models and themselves in order to secure their positions as future-oriented financial service providers in their regions. In contrast to banks without state participation, cantonal banks generally have to comply with a more or less specific performance mandate from the canton and are also obliged to serve certain public interests. For its part, the canton has the need to monitor the performance of tasks outsourced to the cantonal bank and for this purpose reserves certain possibilities of influence and control with regard to its cantonal bank. At the same time, however, the cantonal banks are also obliged to comply with the regulatory requirements of the financial market supervisory authority and the principles…
