2018: A Landmark Year for Switzerland
2018 will be a landmark year for Switzerland legally, politically and psychologically.
In the field of law, 2018 will see the implementation of the automatic exchange of information. This will affect both Swiss citizens holding bank accounts abroad and foreign
nationals with assets deposited in Swiss banks. It definitively spells the end for undeclared assets on both sides. Politically, the introduction of the automatic exchange of information will have a two-fold effect (...)
These changes and their speed should make us realise that what is regarded as being applicable long term in any area today is actually often medium or short term. Those planning estate, fiscal and inheritance matters should always bear in mind that no regulation is written in stone, even if such hard substances still exist.
Philippe Kenel, Attorney-at-Law in Lausanne, Geneva and Brussels, PYTHON
Embrase the many new opportunities
Financial Technology or FinTech is a generic term for all modern technologies in the financial services area. But there is nothing new about FinTech: Banking products have been digitalized and technology centralized for a long time. So, is FinTech more than a buzzword? And, can anyone be a FinTech firm?Rather than established providers of financial services, todays principal FinTech players in the Swiss financial industry are young start-up firms. Banks just seem to be Fin-Tech firms in principle, in reality they are not – but luckily that doesn’t count for all banks!
Marianne Wildi, CEO Hypothekarbank Lenzburg AG
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