Ethics and governance in the European Financial centers

Euronews has reported that Switzerland suspends tax deal with Italy because of a series of raids by Italian police on Swiss banks across Italy last week.

"Switzerland wants to negotiate with other EU member states, but these countries must behave correctly towards Switzerland", Filipppo Lombardi said.

This is a very bad reaction. Who did not behave correctly towards other jurisdictions in the first place?

The Wall Street Journal has reported that while the spotlight has been on the aggressive drive by the U.S. government to flush tax dodgers out of Switzerland, bankers here are instead grappling with the loss of a much richer clientele: Europeans

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FATF today published a report about Switzerland.

According to FATF, Switzerland made significant progress.