Swiss Bankers Visit New York To Sing Finance Centre's Praises
A team of Swiss bankers and regulators are in New York this week in order to
educate US finance professionals as to the advantages of Switzerland as a financial
centre, and to reassure them with regard to the jurisdiction's regulatory regime. Coming ahead of the eight week 'swisspeaks' festival, the main event of the
promotional drive will be a panel discussion and dinner to be held on Wednesday,
which will be attended by Swiss president, Pascal Couchepin and former Texas
senator, Phil Gramm, now vice-chairman of UBS Warburg. Speakers at the discussion will include CEO of the Swiss Bankers Association,
Urs Roth, director of the Swiss Federal Banking Commission, Daniel Zuberbuhler,
private banker, Pierre Mirabaud, and Wall Street Journal editorial board member,
John Fund. Stressing the banking sector's recognition of the need to be proactive, James
Nason of the Swiss Bankers Association told the Swissinfo news service on Monday
that: 'The basic aim is to inform New York's financial community about the strengths
of the Swiss financial centre. It's also to hammer home the message that financial
privacy certainly does not protect terrorists and criminals, if that ever was
a worry, and to tell people that Switzerland is a very well regulated international
financial centre.' According to Swissinfo, around 300 people, including representatives from the
stock dealing, investment banking, financial advice, and institutional asset
management communities have been invited to Wednesday's event. .
|
|
IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2009. Contact us for further information.