the Director of FINMA Mark Branson believes that the audit system that controls the banks should be changed. In an interview with Le Matin Dimanche and SonntagsZeitung, Branson says "there is no denying a certain conflict of interest."
The auditing firms control for the Federal Authority of the financial market supervision, but are remunerated by their own representative or banks. The risk of a conflict of interest tends to increase "when an audit is required to announce bad behavior", says the Director of FINMA.
The European Commission has announced that it started to work on the first EU list of "non-cooperative tax jurisdictions." It is a first step in a complex process that involves consultation of individual European states. At the time a preliminary assessment of all third countries implemented based on a set of key indicators was presented, the Commission explained in a statement.
For qualified investors / professional clients only
In order to proceed, you must confirm that you are a qualified investor based in Switzerland
The information contained in this section have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document.
Before investing in a product please read the latest prospectus carefully and thoroughly and note that funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. The details and opinions contained in this document are provided without any guarantee or warranty and are for the recipient's personal use and information purposes only
