Custom Search

Saturday, January 3, 2009

Banking in Switzerland



Banking in Switzerland
is characterized by stability, privacy and protection of clients' assets and information. The country's tradition of bank secrecy, which dates to the Middle Ages, was first codified in a 1934 law. All banks in Switzerland are regulated by the Federal Banking Commission (FBC), which derives its authority from a series of federal statutes. As of 11 October 2008, the banking industry in Switzerland has an average leverage ratio (assets/networth) of 29 to 1, while the industry's short-term liabilities are equal to 260% of the Swiss GDP or 1,273% of the Swiss national debt.

FOR MORE VISIT--http://www.swconsult.ch/cgi-bin/banklist.pl
http://www.postfinance.ch/

No comments:

Post a Comment