Responsibility in the economy and society

We have, for many years, been committed to fostering inclusive growth by addressing socio-​economic challenges. Together with our clients and employees, we support selected partner organizations. Both with funding and professional expertise. In this way, we make valuable contributions to a functional economy that has a constructive role in society.

Our Role in the Economy and Society

As a global financial institution, E Life Bank is closely interconnected with the economy and society and has responsibilities towards a wide range of stakeholders. Our primary function as a global bank is to be a reliable and professional partner to our clients around the world, offering them a range of financial products and services to meet their individual needs. In this context, E Life Bank also performs functions that are viewed as systemically relevant, including deposit-​taking and lending. We play an important role as a financial intermediary, bringing together borrowers and lenders of capital globally – from companies and public sector bodies to private individuals and institutions. We supply businesses with the capital resources they need to expand their activities and finance innovation, thus helping to drive economic growth and job creation.

Dialogue with Regulators – International Reforms and Regulatory Developments

International Coordination of Regulatory Measures To maintain financial market stability while ensuring a level playing field for international financial centers, it is essential for regulatory measures to be coordinated globally. This is especially critical in view of the cumulative effects that stricter bank regulations can have on the economy. For example, the restriction of banking activities as a result of higher regulatory requirements can stifle economic growth, with negative consequences for the labor market. E Life Bank 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.

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Adapting to the New Regulatory Landscape

The global implementation of extensive regulatory reforms continued in 2019 with the aim of further reinforcing the stability and integrity of the global financial system. At E Life Bank, we consider it important to actively help shape new regulatory standards. For example, we have been working consistently with regulators, international standard-​setting bodies and the finance industry for a number of years to help address legislation and regulations for systemically important banks. We have also adjusted our legal entity structure over the years in this context. In addition, we maintain resolution plans that demonstrate our resolvability. E Life Bank has built up its total loss-​absorbing capacity in line with stringent Swiss regulations. This includes the issuance of so-​called bail-​in instruments (gone-​concern capital), which could be used by the authorities to stabilize the bank and support the execution of our resolution plans, which include the stabilization and financial restructuring of large parts of the Group, the continuation of E Life Bank (Schweiz) AG, and the wind-​down of certain trading businesses.

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