Overview
Lobbying Costs
1,375,000€
Financial year: Jan 2014 - Dec 2014
Lobbyists (Full time equivalent)
2.25 Fte (6)
Lobbyists with EP accreditation
0
High-level Commission meetings
10
Lobbying Costs over the years
-
Info
Credit Suisse Group AG (CSAG)
EU Transparency Register
206549617146-90 First registered on 27 Apr 2015
Goals / Remit
Credit Suisse AG is one of the world's leading financial services providers. As an integrated bank, combining strengths and expertise in our two global divisions, Private Banking & Wealth Management and Investment Banking, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. The Group is headquartered in Zurich and operates in over 50 countries, employing approximately 45,800 people. Our global structure comprises four regions: Switzerland, Europe, Middle East & Africa; Americas; and Asia Pacific.
We are committed to running our business in a way that generates value for our clients, shareholders and employees. We recognize that our sphere of activity and influence extends beyond the boundaries of the international financial system. Corporate responsibility is about creating sustainable value for clients, shareholders, employees and other stakeholders. We comply with the ethical values and professional standards set out in our Code of Conduct in every aspect of our work. Our understanding of corporate responsibility includes four areas: Responsibility in Banking; Responsibility in Society; Responsibility as an Employer; Responsibility for the Environment. We strive to conduct our business responsibly and have policies in place to manage the broader social & environmental impacts of our activities. We uphold key international agreements that promote responsible business practices such as the UN Global Compact, of which we were one of the first signatories. We systematically take account of environmental & social responsibility issues when conducting our business, such as in development of products and services to meet the growing client interest in sustainable investing; and managing risks for our Reputational Risk process. Credit Suisse was a founder member of the Equator Principles, the leading financial industry benchmark for determining, assessing & managing environmental and social risk in major industrial and infrastructure projects.
The economic & social impacts of the last global financial crisis highlighted the importance of banks and a properly functioning financial system. Eliminating the possibility of future bank bailouts that would have to be funded using taxpayers’ money is an essential part of rebuilding trust in our industry. The fact that Credit Suisse has never had to turn to the government for support at any point in our history of more than 150 years demonstrates that we are able to conduct our business activities by maintaining a solid capital base and sound risk appetite. We have actively contributed to efforts to solve the “Too Big to Fail” issue. We basically share the public view that it should be possible for even systemically relevant financial institutions to fail without having to resort to bailouts that are funded using taxpayers’ money. Under legislation approved in September 2011, Switzerland imposes significantly higher capital requirements on its big banks than those prescribed by the Basel Committee on Banking Supervision. Credit Suisse essentially supports these measures because we recognize the responsibility that we have toward society in our role as a major bank. Underscoring our support for resolving the “Too Big to Fail” problem, we continue to adapt Credit Suisse’s organizational structure and business model in response to the changing market and regulatory environment. By significantly strengthening our capital position, substantially reducing the size of our balance sheet, risk-weighted assets, and lowering our overall cost base, we expect to provide our bank with a substantially less complex and more efficient operating structure.Main EU files targeted
Credit Suisse has contributed actively to the EU debate on solving Too Big to Fail Risk for global and European banks, via the EU Bank Resolution and Recovery Directive, CRD4/CRR; and is engaged in a number of capital markets related policy and legislative initiatives, notably MiFID2/MiFIR, EMIR, Shadow Banking, Capital Markets Union and Securitisation. The bank is also engaged in other policy topics including environment, energy efficiency, sustainability and corporate governance in Europe and globally.
International Coordination of Regulatory Measures
To maintain financial market stability while ensuring a level playing field for international financial centres, it is essential for regulatory measures to be coordinated globally. Credit Suisse strives to balance the interests of its shareholders and the concerns of the regulatory authorities, legislators and other stakeholders within society, while focusing on the needs of clients. Furthermore, we support current international regulatory efforts (e.g. G-20, Financial Stability Board)Address
Head Office
Paradeplatz 8
Zurich 8001
SWITZERLAND -
People
Total lobbyists declared
6
Employment time Lobbyists 75% 1 50% 1 25% 4 Lobbyists (Full time equivalent)
2.25
Lobbyists with EP accreditation
No lobbyists with EP accreditations
Complementary Information
In addition to public policy staff, Credit Suisse subject matter experts and executives are involved with EU public consultations and/or interacting with EU institutions from time to time. Such activities constitute less than 5% of their working time, and therefore these experts are not counted in the figures above.
Person in charge of EU relations
Ms Lisa Rabbe (Head of Public Policy EMEA)
Person with legal responsibility
Mr Urs Rohner (Chairman)
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Categories
Category
II - In-house lobbyists and trade/business/professional associations
Subcategory
Companies & groups
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Networking
Affiliation
Credit Suisse is a member of and actively participates in various trade associations that have registered their activities in the EU Transparency Register, most notably the Swiss Finance Council (SFC), Association of Financial Markets Europe (AFME), Alternative Investment Management Association (AIMA), Swiss Bankers Association (SBA), British Bankers Association (BBA), Institute for International Finance (IIF), International Swaps and Derivatives Association (ISDA), International Capital Markets Association (ICMA), European Financial Roundtable/European Banking Group (EFR/EBG), European Fund Managers Association (EFAMA), Futures Industry Association (FIA)
Member organisations
None declared
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Financial Data
Closed financial year
Jan 2014 - Dec 2014
Lobbying costs for closed financial year
1,375,000€
Other financial info
None declared
-
EU Structures
Groups (European Commission)
European Energy Efficiency Investment Group (EEFIG)
ACC
None
Groups (European Parliament)
None
Communication activities
Environment
Credit Suisse Sustainability Department engages in and contributes thought leadership to global environmental policy initiatives. We publicly disclose our strategy and management response to climate change each year through the Carbon Disclosure Project. Credit Suisse continues to be an active member of the International Chamber of Commerce (ICC) Environment and Energy Commission, which has been involved in the process leading up to the Lima Climate Change Conference of December 2014 (COP20) and the development of the post-2015 Sustainable Development Goals. Credit Suisse Research utilities expert Vincent Gilles participated in the Energy Efficiency Financial Institutions Group (EEFIG) initiative jointly convened by the European Commission and the United National Environment Programme Finance Initiative, which brought together the experience of 120 expert participants to address the scale of energy efficiency investments across the EU. In 2014, we strengthened our activities in the area of conservation finance in particular. In early 2014, Credit Suisse published a study co-authored with WWF and McKinsey that looked at innovative private sector financing structures in the field of conservation.
http://ec.europa.eu/energy/en/news/new-report-boosting-finance-energy-efficiency-investments-buildings-industry-and-smes
Gender Diversity
The Credit Suisse Research Institute published a report on global gender diversity and corporate performance in 2012, and launched a new report in September 2014, The CS Gender 3000: Women in Senior Management that expanded the previous report’s initial boardroom survey of gender diversity, to senior management levels below the boardroom.
https://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=8128F3C0-99BC-22E6-838E2A5B1E4366DF
Credit Suisse as a Taxpayer
Our role as a taxpayer is another way in which we contribute to society and ultimately to the economy. Credit Suisse paid an average of CHF 0.8 billion in corporate income tax worldwide over the past five years. In addition, Credit Suisse is subject to other taxes that are not related to income, which exceeded CHF 0.4 billion in 2014 alone. On behalf of employees, Credit Suisse pays payroll withholding taxes and social security contributions, as well as other statutory levies.
Further information about Credit Suisse can be found at
https://www.credit-suisse.com/uk/en/about-us/governance/standards-policies/code-of-conduct.html
https://www.credit-suisse.com/media/cc/docs/publications/annualreporting/2014/csg-crr-2014-en.pdfOther activities
None declared
Meetings
Meetings
10 meetings found. Download meetings
The list below only covers meetings held since November 2014 with commissioners, their cabinet members or directors-general at the European Commission; other lobby meetings with lower-level staff may have taken place, but the European Commission doesn't proactively publish information about these meetings. For more information about which commissioner is responsible for which portfolio, check out this link: https://commissioners.ec.europa.eu/index_en All information below comes from European Commission web pages.
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Date 21 Sep 2022 Location virtual Subject Energy derivatives market Cabinet Cabinet of Commissioner Mairead Mcguinness Portfolio Financial services, financial stability and Capital Markets Union Attending - Mairead McGuinness (Commissioner)
- Florian Denis (Cabinet member)
Other Lobbyists -
Date 05 Nov 2021 Location Windsor, Berkshire Subject CRR, Basel III DG Financial Stability, Financial Services and Capital Markets Union Attending - John Berrigan (Director-General)
Other Lobbyists -
Date 25 May 2021 Location Virtual meeting Subject EU UK regulatory cooperation in financial services DG Financial Stability, Financial Services and Capital Markets Union Attending - John Berrigan (Director-General)
Other Lobbyists -
Date 04 Mar 2019 Location Brussels Subject ring-fencing DG Financial Stability, Financial Services and Capital Markets Union Attending - Olivier Guersent (Director-General)
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Date 18 Dec 2018 Location Brussels Subject Banking Package Cabinet Cabinet of Vice-President Valdis Dombrovskis Portfolio Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union Attending - Jan Ceyssens (Cabinet member)
Other Lobbyists -
Date 06 Jun 2018 Location Brussels Subject Cyber security, Fintech Cabinet Cabinet of Vice-President Valdis Dombrovskis Portfolio Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union Attending - Elina Melngaile (Cabinet member)
Other Lobbyists -
Date 25 Oct 2017 Location Brussels Subject cross-border financial services Cabinet Cabinet of Vice-President Valdis Dombrovskis Portfolio Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union Attending - Jan Ceyssens (Cabinet member)
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Date 13 Oct 2017 Location Brussels, Belgium Subject Clean Energy package DG Energy Attending - Dominique Ristori (Director-General)
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Date 23 Feb 2017 Location Bali, Indonesia Subject Blue economy financing, ocean energy Cabinet Cabinet of Vice-President Karmenu Vella Portfolio Environment, Maritime Affairs and Fisheries Attending - Karmenu Vella (Commissioner)
- Brian Synnott (Cabinet member)
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Date 23 Feb 2015 Location Taxud Brussels Office Subject Current Taxation issues and EU-Swiss dossiers DG Taxation and Customs Union Attending - Heinz Zourek (Director-General)
Other Lobbyists