Federal Council preparing overview of financial market policy
Bern, 27.06.2012 - During its meeting today, the Federal Council took note of the work under way on an overview of the financial market policy. In September 2012, the Federal Department of Finance (FDF) will submit a report to the Federal Council that provides information on both the implementation status of existing measures under the Federal Council's financial market policy as well as new measures to boost competitiveness and implement the financial centre strategy.
The outlook for the financial sector has become more difficult on the whole. Aside from the euro crisis, international developments in the regulatory and tax arena are threatening one of the traditional business fields, i.e. cross-border financial services. In light of this, an overview is to be prepared in the form of a report on the Confederation's financial market policy. The specification of the financial centre strategy envisaged in the discussion paper of 22 February 2012 will be one component of this overview. Consistent implementation of this strategy also includes compliance with international administrative assistance standards.A basis for decision-making will be submitted to the Federal Council in September 2012. The report will provide information on the implementation status of the existing measures under the Federal Council's financial market policy of December 2009. The bulk of the report will consist of new measures to boost competitiveness and implement the financial integrity strategy. The Federal Council will be able to use this as a basis for deciding how the financial sector's framework conditions should be developed in the years ahead.
Address for enquiries
Mario Tuor, Head of Communications, State Secretariat for International Financial Matters (SIF)
+41 31 322 46 16, firstname.lastname@example.org