An insider of the Swiss Private Banking Industry with 30 years of professional experience is at your side. He is a Swiss lawyer for international tax law, business and banking. As a lawyer in Switzerland, he gained the most valuable experience in the legal department of banks (UBS, Credit Agricole, Swiss Association of Asset Managers (VSV/SAAM).

English is not an official language of the Swiss Confederation. The translations are provided for information purposes only and have no legal force. Although we do our best to ensure that our English translations are up-to-date, there is often a short delay between the amended official Swiss text coming into force and the publication of the Swiss Bank Secrecy: Its Limits under Swiss and isting between the client and his Swiss banker has, of course, played a key role in the appeal of Switzerland. Bank secrecy, which is the manifestation in the banking field of the Swiss emphasis on personal privacy, was incorporated as a provision in the Federal Banking Law … Bank secrecy - Wikipedia Swiss banking secrecy was first codified with the Banking Act of 1934, thus making it a crime to disclose client information to third parties without a client's consent. The law, coupled with a stable Swiss currency and international neutrality, prompted large capital flight to private Swiss accounts. History of Swiss Bank Accounts | HowStuffWorks

Zurich, Switzerland Banking and Finance Lawyers and Law

Banking and Finance Law Mergers and Acquisitions Law Capital Markets Law Corporate Law Pharmaceuticals and Life Sciences Practice. Lawyer. Lukas Glanzmann. Baker & McKenzie Zurich. Location: Zürich, Switzerland. Practice Areas: Insolvency and Reorganization Law Banking and Finance Law Private Equity Law. Lawyer. How Swiss Bank Accounts Work - The Balance

The law was enacted in large part because both Germany and France attempted to press Swiss banks into divulging depositor information in the name of the "good of the state." This federal law clearly stated that bank secrecy fell within the criminal domain, meaning any banker who divulged bank client information was punishable by imprisonment.

An insider of the Swiss Private Banking Industry with 30 years of professional experience is at your side. He is a Swiss lawyer for international tax law, business and banking. As a lawyer in Switzerland, he gained the most valuable experience in the legal department of banks (UBS, Credit Agricole, Swiss Association of Asset Managers (VSV/SAAM). Banking Laws and Regulations | Switzerland | GLI Key requirements for governance of banks . In order to obtain and maintain a banking licence, Swiss banks must, inter alia, comply with specific governance requirements as outlined in particular in the BankA and BankO, and further specified in guidelines and publications of FINMA, in particular the new FINMA Circular 2017/1 “Corporate governance – banks” (“Circular 2017/1”) which Swiss Federal Act on Banks and Saving Banks Swiss Federal Act on Banks and Savings Banks 952.0 (Banking Act; BA) 1 dated 8 November 1934 (version as at 1 January 2019) The Swiss Federal Assembly of the Swiss Confederation,based on Articles 34 bister, 64 and 64 of the Federal Constitution2, after examination of the Swiss Federal Council’s message of 2 February 19343, decrees: Federal Act on Banks and Savings Banks - Wikipedia