Screen LibrarySwiss finance : capital markets, banking, and the Swiss value chain /
"A timely guide to the complex financial markets and banking secrecy of SwitzerlandSince 1934, when Switzerland's federal bank secrecy law was passed, the line between myth and reality with regard to Swiss banking has been blurred. But over the past decade, there have been dramatic changes...
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| Group Author: | ; |
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| Literature type: | eBook |
| Language: | English |
| Edition: | 1 |
| Series: |
Robert W. Kolb series in finance
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| Online Access: |
http://onlinelibrary.wiley.com/book/10.1002/9781118524114 |
| Summary: |
"A timely guide to the complex financial markets and banking secrecy of SwitzerlandSince 1934, when Switzerland's federal bank secrecy law was passed, the line between myth and reality with regard to Swiss banking has been blurred. But over the past decade, there have been dramatic changes in the pressures brought to bear on all facets of the Swiss financial markets and banking sector. Recent developments and agreements have potentially weakened Swiss banking secrecy, and with that said, it is time for a book that lays out the history of Swiss bank secrecy and puts these twenty-first century changes in perspective.Swiss Finance is a thorough overview of the Swiss financial markets and the banking secrecy this country has become known for. It covers key topics to practitioners both abroad and in the United States involved in Swiss banking and the Swiss financial markets. Discusses what the Euro-debt crisis may mean for the role of Switzerland as a financial powerhouse Reveals how new secrecy agreements with the United States and Germany will impact private wealth management Addresses Asian competition for wealth management and tax havens Switzerland is one of the largest financial markets in the world and a global power in private wealth administration. Whether you're a private wealth advisor, Swiss or U.S. banker, or other finance practitioner involved in the Swiss market, this guide is essential reading if you intend on achieving future success in this arena"-- |
| Item Description: | Includes index. |
| Carrier Form: | 1 online resource. |
| Bibliography: | Includes ibibliographical references and ndex. |
| ISBN: |
9781118238530 (epub) 1118238532 (epub) 9781118263167 (mobipocket) 1118263162 (mobipocket) 9781118225080 ( pdf) 1118225082 ( pdf) 9781118524114 (electronic bk.) 111852411X (electronic bk.) |
| Index Number: | HG186 |
| CLC: | F835.22 |
| Contents: |
SWISS FINANCE; Contents; Preface; Introduction; CHAPTER 1 Finanzplatz Schweiz; INTRODUCTION; SWISS VALUE CHAIN; SIX Group; STOCK EXCHANGE LAWS AND REGULATIONS; CONCLUSION; APPENDIX 1A: THE ROAD TO FINANZPLATZ SCHWEIZ; Introduction; Preparation Stage; Reform and Follow-Through Stages; Efficient Technology and Modern Financial Institutions; Regulatory Reforms to Create Finanzplatz Schweiz; APPENDIX 1B: LISTING AND ABBREVIATIONS FOR GROUP BUSINESSES, PARTICIPATIONS, DIVISIONS, FIELDS, CORPORATE SERVICES, EXTERNAL SERVICES, AND GROUP SITES; CHAPTER 2 The Swiss Banking System; INTRODUCTION. BANKING AND THE SWISS ECONOMY: A BRIEF HISTORICAL REVIEWSWISS BANKS IN THE BROADER SWISS ECONOMY; SWISS BANKS' RELATIVE SIZE, VALUE ADDED, AND PROFITABILITY; Relative Size; Future Challenges; Sources of Profitability; Bank Safety and Regulation; Comparisons to Other Swiss Industries; Returns on Bank Shares; INTERNATIONALIZATION OF SWISS BANKS; SWISS BANKING STRUCTURE: AN OVERVIEW; Swiss Banking Rivalry and Conventions; Swiss Universal Banking; Swiss Banking Structure; Internationalization of Swiss Banks' Balance Sheets; The Big Banks; Cantonal Banks; Regional and Savings Banks. Raiffeisen Banks"Other" Banks (Not Including Foreign Banks); Foreign Banks; Private Banks; DEPOSIT INSURANCE SCHEME; SWISS BANKS' OFF-BALANCE SHEET ACTIVITIES; Fiduciary Deposits; Asset Administration/Management; Gold Trading; Bank Note Trading; Underwriting; CONCLUSIONS; A NOTE ABOUT THE CHAPTER APPENDICES; APPENDIX 2A: UBS AG; Merger of Union Bank of Switzerland and Swiss Bank Corporation; Long-Term Capital Management; Subprime Crisis; Banking Secrecy; Post-Financial Crisis Recovery; Rogue Trader Affair; LIBOR Fixing Probe; The Future for UBS; APPENDIX 2B: CREDIT SUISSE; The Chiasso Affair. NYSE Listing, CS Holding Is Born, and CS First Boston Takes ShapeGrowth through M & A and a Period of Reorganization; International Mishaps; Weathering the Financial Crisis and the Future for Credit Suisse; CHAPTER 3 Swiss Banking Secrecy; INTRODUCTION; FOUNDATIONS OF SWISS BANKING SECRECY; Internal Bank Rules; Cantonal Laws; Swiss Constitution; Commercial Code of Obligations; Swiss Civil Code; Swiss Criminal Code; Federal Act on Banks and Savings Banks (aka, Banking Act of 1934); PUTTING SWITZERLAND'S BANKING SECRECY INTO PERSPECTIVE. Swiss Financial Regulation and Banking Secrecy Prior to WorldWar ISwiss Financial Regulation and Banking Secrecy between WorldWar I and 1934; PRESSURE TO INCREASE BANKING SECRECY RULES; Foreign Efforts to Increase Their Tax Bases; Hitler's Suppression of Jews and Other Minority Groups; EXCEPTIONS AND NUANCES TO SWISS BANKING SECRECY LAWS; Customer Identification; Civil Proceedings; Criminal Proceedings; SWISS JUDICIAL AND ADMINISTRATIVE ASSISTANCE TO FOREIGN NATIONS; Administrative and Judicial Assistance; International Administrative Assistance; CONCLUSION. |