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NEWS
3 March 2022
Transfer of the protective measure of the Swiss stock exchange infrastructure into ordinary law
Position paper

On November 17, 2021, the Federal Department of Finance opened a consultation on the extension of the measure to protect the Swiss stock exchange infrastructure. The ASPB supports the extension of the solution found by the Federal Council in 2019 and its transfer into the Financial Market Infrastructure Act. However, the ultimate goal remains the restoration of stock exchange equivalence by the European Union.

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HIGHLIGHTS
1 March 2022
The limits of investigations

At the end of February 2022, a lot of ink was spilled on the data "leak" of the second largest Swiss bank. In his latest column on allnews.ch, the Director of the ASPB looks at two aspects of this sad affair: Switzerland's participation in the automatic exchange of information and the right of the press to disclose stolen data.

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NEWS
22 February 2022
The Swiss trust only needs rules under civil law, not tax law.
L'essentiel N° 29
On January 12, 2022, the Federal Council opened a consultation on the introduction of trusts in the Swiss legislation. Unfortunately, the draft law deems it necessary to also modify the tax regime applied to foreign trusts since 2007, which makes the whole project unattractive.
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MEMBERS
The members of the Association of Swiss Private Banks (ASPB) are Swiss private banks active mainly in private and institutional asset management, and regulated by the Federal Law on Banks and Savings Banks of 8 November 1934.
Bordier E. Gutzwiller & Cie Gonet Lombard Odier & Cie
Mirabaud Groupe Pictet Rahn+Bordmer Co. Reichmuth & Co
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Tel. +41 22 807 08 00

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