The outlook for the financial sector has become more difficult on the whole. Aside from the euro crisis, international developments in the regulatory and tax arena are threatening one of the traditional business fields, i.e. cross-border financial services. In light of this, an overview is to be prepared in the form of a report on the Confederation's financial market policy. The specification of the financial centre strategy envisaged in the discussion paper of 22 February 2012 will be one component of this overview. Consistent implementation of this strategy also includes compliance with international administrative assistance standards.

A basis for decision-making will be submitted to the Federal Council in September 2012. The report will provide information on the implementation status of the existing measures under the Federal Council's financial market policy of December 2009. The bulk of the report will consist of new measures to boost competitiveness and implement the financial integrity strategy. The Federal Council will be able to use this as a basis for deciding how the financial sector's framework conditions should be developed in the years ahead.

Publisher:

The Federal Council

Internet: http://www.admin.ch/br/index.html?lang=en

Federal Department of Finance

Internet: http://www.efd.admin.ch