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please give me some information about the Swiss national banking system.

Economics
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please give me some information about the Swiss national banking system.

Dec 19th, 2014

The Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy and for issuing Swiss francbanknotes.Banking in Switzerland is regulated by the Swiss Financial Market Supervisory Authority (FINMA), which derives its authority from a series of federal statutes. The country's tradition of bank secrecy, which dates to the Middle Ages, was first codified in the Federal Act on Banks and Savings Banks, colloquially known as the Banking Law of 1934.[1] The regime of bank secrecy that Swiss banks are famous for came under pressure in the wake of the UBS tax evasion scandal, and the 1934banking law was amended in 2009 to limit tax evasion by non-Swiss bank clients.

Dec 19th, 2014

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Dec 19th, 2014
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