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Regulation, homemade crises, or corporate raiders – Swiss banks face a host of challenges in coming months. finews.asia lists the top-ten.
1. Transparent Bank Clients
With 2017 as the glide path, this year is the Swiss banks will begin automatically exchanging data on their clients with 38 other nations – an unprecedented undertaking in the history of the alpine nation's closely-guarded banking secrecy tradition. Next year, the data-swapping procedure is to be expanded to another 41 countries – including some such as Saudia Arabia (see point 4), Russia and China, which has proven highly controversial among private bankers.
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