2007
September
September 27, 2007
The financial centre or the goose that lays the golden eggs
SPBA (PDF - 18 Ko)
It can be interesting to connect news items which are seemingly unrelated. Here are a few examples taken from the international, national and local press in recent days:
The London-based magazine, The Economist, published a long survey on international financial centres. On the day this survey was published, those responsible for Switzerland's financial centre were presenting (under the name of Master Plan) their strategy for closing Switzerland's gap with its competitors, which had increased in recent years. In order to achieve this, framework conditions will need to be improved in a number of areas such as regulation, supervision and especially taxation. Uncompetitive taxation damages Switzerland's interests and promotes the foreign financial centres. This is otherwise known as killing the goose that lays the golden eggs.
September
September 4, 2007
Modification of the Swiss Federal Banking Commission's Money Laudering Ordinance (SFCB-MLO): overall a satisfactory grooming
SPBA (PDF - 28 Ko)
One may remember that in October 2005, the Financial Action Task Force (FATF) carried out a review of the measures in force in Switzerland regarding the fight against money laundering, in respect of its 40 revised Recommendations. The findings published in a report on this review concluded that there were a number of gaps in our preventive measures.
Following this examination, the Swiss Federal Banking Commission (SFBC) appointed a group of experts, representing the banking community and the federal government, to determine whether there would be any need to modify its Money Laundering Ordinance (SFCB-MLO). These specialists put forward several propositions which were included in a draft revision of the Money Laundering Ordinance. This in turn was subjected to a consultation procedure which began in July 2007.
March
De la mission d'une entreprise publique
SPBA (PDF - 27 Ko) - Document in French
Une fois n’est pas coutume, les banquiers privés suisses se sont penchés sur un avant-projet de loi, récemment mis en consultation par le Département fédéral de l’intérieur, qui n’a de prime abord rien à voir avec la place financière. Il s’agit de la future organisation de la CNA (qui devrait prendre à l’avenir la marque unique de « Suva »). Les milieux intéressés ont été invités à prendre position jusqu’au 15 mars 2007.
January 18, 2007
Annual Press Point
- Mise en oeuvre des recommandations révisées du GAFI : une pause de réflexion pour pas grand chose?
Pierre Darier, Partner, Lombard Odier Darier Hentsch & Cie, Chairman of the SPBA (PDF - 28 Ko) - Document in French.
- MiFID: Gift für den Finanzplatz
Dr. Konrad Hummler, Partner, Wegelin & Co., Vice-chairman of the SPBA (PDF - 25 Ko) - Document in German.
- Conjoncture et compétitivité de la place financière : après une bonne année 2006, que nous réserve l'avenir?
Yves Mirabaud, Partner, Mirabaud & Cie (PDF - 25 Ko) - Document in French.
- Dann, wenn alles gut geht, sollte man die Zukunft vorbereiten
Jacques Rossier, Partner of the Private Holding Company, Lombard Odier Darier Hentsch & Cie, (PDF - 20 Ko) - Document in German
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