The Credit Suisse collapse and its aftermath "is going to be very damaging," said Arturo Bris, Professor of Finance at the International Institute for Management Development (IMD) in Lausanne, adding it could benefit rival financial centres.
Others were more skeptical about the future, highlighting a reluctance to confront mistakes at Credit Suisse or take responsibility for the aftermath.
"There are a lot of open questions: the use of emergency law overriding the views of shareholders or the treatment of bond holders," said Stefan Legge, head of tax and trade policy at the University of St. Gallen's IFF Institute for Financial Studies.
"Maybe some people are a bit delusional – and really believe they are doing a great job."
Switzerland invoked emergency legislation to allow a public liquidity backstop (PLB) which will provide up to 100 billion Swiss francs in liquidity to Credit Suisse as the PLB was not yet part of Swiss law.
But perhaps most controversially, the emergency law allowed the takeover to go ahead without shareholder approval.
Legge said the collapse should serve as a wake-up call, and could see new laws to improve corporate governance introduced....
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Switzerland's long banking tradition and structural advantages meant the country would remain heavily involved in banking in future, he said, with investors still choosing it for its stability and the strength of its Swiss franc currency.
Still competition was getting fiercer, and the recent events would eventually see Singapore overtake Switzerland, warned IMD's Bris.
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