This report was prepared by theThis report was prepared by the Swiss Institute of Banking and Finance (SBF) of the University of St. Gallen (HSG) on behalf of the VQF Financial Services Standards Association (VQF).


This first comprehensive report examines the entire parabanking sector. On the basis of expert interviews as well as secondary data concerning economic benefits, the report presents possible development trends, areas of tension and options for action for the parabanking sector.




Please note that only the German version is legally binding.