Federal Department of Finance

Type: Organization
Name: Federal Department of Finance
First reported Jul 21 2014 - Updated Jul 22 2014 - 1 reports

SCHWEIZERISCHE NATIONALBANK : Swiss National Bank, China Agree Currency-Swap Deal--Update

By Neil MacLucasZURICH--The Swiss National Bank and the People's Bank of China have agreed to set up a currency swap line designed to boost trade and investment flows between the two countries and help to make Zurich an offshore hub for trading the y ... [Published 4 Traders - Jul 21 2014]
First reported Jul 20 2014 - Updated Jul 20 2014 - 3 reports

$ 2 TRILLION BLACK MONEY TRAIL MISSING

True it’s early days for the highprofile SIT headed by justice Shah. But, top government sources said the panel has not made any breakthrough. Clueless SIT makes no headway on how to get back the money stashed abroad exposing its lack of capacityBLACK ... [Published Siasat Daily - Jul 20 2014]
First reported Jul 10 2014 - Updated Jul 10 2014 - 1 reports

Kazakhstan, Switzerland finance ministers sign MoU

ASTANA. KAZINFORM - Deputy Prime Minister - Minister of Finance Bakhyt Sultanov and Head of Swiss Federal Department of Finance Eveline Widmer-Schlumpf have signed a memorandum of understanding and cooperation between the finance authorities of the two ... [Published Kazinform - Jul 10 2014]
First reported Jul 08 2014 - Updated Jul 09 2014 - 3 reports

economic cooperation discussed in Dushanbe

, Asia-Plus -- State and prospects of further expansion of bilateral cooperation between Tajikistan and Switzerland in financial and banking sectors were a major topic of a meeting of Tajik Minister of Finance Abdusalom Qurbonov with Head of Switzerland’s ... [Published Asia Plus - Jul 09 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 3 reports

Atambayev: "Kyrgyzstan is interested in deepening cooperation with Switzerland in economic sphere"

Bishkek, July 7 / Kabar /. Kyrgyz President Almazbek Atambayev today received the Federal Councillor, Head of the Federal Department of Finance of the Swiss Confederation Eveline Widmer-Schlumpf.Welcoming the Swiss delegation, the Kyrgyz President said ... [Published Kabar - Jul 07 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

FINMA publishes fully revised circular "Liquidity risks - banks"

Starting in 2015, a new, internationally harmonised liquidity standard in line with the Basel III minimum standards for banks will come into effect. Following the revision of the Liquidity Ordinance, the Swiss Federal Department of Finance will introduce ... [Published Swiss Federal Banking Commission - Jul 07 2014]
First reported Jun 28 2014 - Updated Jun 28 2014 - 1 reports

All the Arun Jaitley's mandarins

Officials of finance and commerce ministries are burning the proverbial midnight oil for making the budget a successWhen finance minister Arun Jaitley committed he would send a letter to Swiss authorities demanding sharing the information on Indian black ... [Published DNA India - Jun 28 2014]
First reported Jun 25 2014 - Updated Jun 25 2014 - 2 reports

Platinum price answers may be found in underground Swiss vaults

Underground vaults next to a Swiss farming village may reveal one reason for the platinum market’s indifference to its biggest ever supply shock. Most analysts and market players expected steep price increases for the precious metal as a record five ... [Published Financial Post - Top Stories - Jun 25 2014]
First reported Jun 25 2014 - Updated Jun 25 2014 - 1 reports

Ratification comes in way of Swiss sharing info on black money

Going by the earlier track record of the Swiss government on sharing information regarding 'black' money stashed in their banking system, it seems, finance minister Arun Jaitley's letter to Switzerland's Federal Department of Finance is not going to cut ... [Published DNA India - Jun 25 2014]
First reported Jun 25 2014 - Updated Jun 25 2014 - 1 reports

Federal Council publishes report on virtual currencies such as bitcoin

The report explains that the economic importance of virtual currencies like bitcoin as a means of payment is fairly insignificant at the moment and the Federal Council believes that this will not change in the foreseeable future.The report demonstrates ... [Published Noodls - Jun 25 2014]
First reported Jun 24 2014 - Updated Jun 24 2014 - 1 reports

MY BIZ: Swiss deny 'black list' rumours but will 'co-operate fully' with Modi's government

| Updated: 18:18 EST, 23 June 2014Switzerland said on Monday that it has not prepared any new list of Indians with untaxed money or illegal accounts in Swiss banks, though it is prepared to cooperate with the Indian government in accordance with the ... [Published Mail Online UK - Jun 24 2014]
First reported Jun 22 2014 - Updated Jun 23 2014 - 2 reports

Swiss money: India moves up to 58th rank; Pakistan at 74th

ZURICH - India has moved up to 58th rank in terms of foreign money lying with Swiss banks, but it accounts for a meagre 0.15 per cent of an estimated $1.6 trillion total global wealth held in Switzerland’s banking system.The UK has retained its top position ... [Published The Nation Pakistan - Jun 23 2014]
Entities: India, Switzerland, Pakistan

Quotes

"From China's perspective the agreement creates the infrastructure to solve two problems. The first is how domestic banks are going to be financed as the county opens its capital accounts and the second is to allow foreign investors to invest in the market" said Diana Choyleva, economist at consultancy Lombard Street Research
2.Senior lawyer and BJP leader Ram Jethmalani told the apex court in March 2014 that “ ` " 70 lakh crore ($ 1.16 trillion) of black money was stashed abroad in foreign tax havens”. The Economist last year cited a 2010 World Bank study of 151 countries which had concluded that India’s shadow economy was equivalent to a fifth of India’s GDP of $ 1.8 trillion."
"As written to the Indian government, the SwissSwiss government would like to welcome a delegation of administration officials from India to discuss the further cooperation in tax matters in Berne, after the talks in February 2014 in India" a Federal Department of Finance spokesperson told PTI from Berne
Anne Héritier Lachat, Chair of FINMA's Board of Directors thanked Jean-Baptiste Zufferey: "Jean-Baptiste Zufferey is one of the Suisse romande's (French-speaking part of Switzerland) prominent and well-known lawyers. FINMA's Board of Directors has benefited greatly from his enormous wealth of knowledge in financial market law. Zufferey chaired the panel of experts appointed by the SwissSwiss Federal Department of Finance that worked on integrated financial market supervision and provided the intellectual stimulus that culminated in the establishment of FINMA. I would like to thank him, also on behalf of FINMA and its Board of Directors, for his dedication and commitment to our authority and his excellent work over the years." FINMA's Board of Directors still has the requisite minimum number of seven (maximum nine) board members following Jean-Baptiste Zufferey's departure...

More Content

All (43) | News (40) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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SCHWEIZERISCHE NATIONALBANK : Swiss National Ba... [Published 4 Traders - Jul 21 2014]
$ 2 TRILLION BLACK MONEY TRAIL MISSING [Published Siasat Daily - Jul 20 2014]
Switzerland invites India for discussions on bl... [Published Assam Tribune - Jul 20 2014]
Chasing black money, India gets Swiss invite fo... [Published Business Standard India - Jul 20 2014]
Jean-Baptiste Zufferey to resign from FINMA's B... [Published Noodls - Jul 10 2014]
Kazakhstan, Switzerland finance ministers sign MoU [Published Kazinform - Jul 10 2014]
economic cooperation discussed in Dushanbe [Published Asia Plus - Jul 09 2014]
President Rahmon's Bilateral Meeting with the H... [Published Khovar - Jul 09 2014]
president receives Switzerland’s finance minister [Published Asia Plus - Jul 08 2014]
Atambayev: "Kyrgyzstan is interested in deepeni... [Published Kabar - Jul 07 2014]
Opening of Embassy of Switzerland in Bishkek ev... [Published Street Sweeper - Jul 07 2014]
Opening of Embassy of Switzerland in Bishkek ev... [Published HispanicBusiness.com - Jul 07 2014]
FINMA publishes fully revised circular "Liquidi... [Published Swiss Federal Banking Commission - Jul 07 2014]
Mortgage financing: FINMA approves amended self... [Published Noodls - Jul 02 2014]
Switzerland Under Siege [Published Tax-News.com - Jul 02 2014]
Black money probe: India seeks details of secre... [Published IBNLive India News - Jun 29 2014]
India to get Swiss bank details [Published IBNLive India News - Jun 29 2014]
All the Arun Jaitley's mandarins [Published DNA India - Jun 28 2014]
Why is it naïve to expect Switzerland to co-ope... [Published Money Life - Jun 26 2014]
Platinum price answers may be found in undergro... [Published Financial Post - Top Stories - Jun 25 2014]
Secretive Swiss vaults may hold missing link in... [Published CNBC - Jun 25 2014]
Federal Council publishes report on virtual cur... [Published Noodls - Jun 25 2014]
Ratification comes in way of Swiss sharing info... [Published DNA India - Jun 25 2014]
MY BIZ: Swiss deny 'black list' rumours but wil... [Published Mail Online UK - Jun 24 2014]
No information on Swiss bank accounts of Indian... [Published domain-b - Jun 23 2014]
Swiss money: India moves up to 58th rank; Pakis... [Published The Nation Pakistan - Jun 23 2014]
MY BIZ: India SITs up as Swiss prepare list of ... [Published Mail Online UK - Jun 23 2014]
PTI - SWISS-LD INDIA 3 LAST - (Reopens FGN 13) [Published Namibia Press Agency - Jun 22 2014]
Swiss Money: India Moves Up to 58th Rank, UK on... [Published Outlook India - Jun 22 2014]
SCHWEIZERISCHE NATIONALBANK : South Africa: Fed... [Published 4 Traders - Jun 20 2014]
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Platinum price answers may be found in undergro... [Published Financial Post - Top Stories - Jun 25 2014]
Underground vaults next to a Swiss farming village may reveal one reason for the platinum market’s indifference to its biggest ever supply shock. Most analysts and market players expected steep price increases for the precious metal as a record five ...
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