Financial centre Lugano
The VAV supports the package of agreements negotiated with the EU, which would have far-reaching positive effects on the entire Swiss economy and could also have a positive impact on discussions with the EU regarding access to the single market in the banking services sector. In addition, the VAV fully supports the corresponding statements issued by economiesuisse and the Swiss Bankers Association (SBA).
The VAV considers the Federal Council's key parameters to be excessive in terms of both content and scope. It calls for any new measures not to be extended to banks that are not systemically important. In its statement on the amendments to the CAO, the VAV refers to the corresponding response from the SBA.
The VAV supports the model change in principle, but calls for the proposed penalty provision for negligence in the implementation of FATCA to be deleted without replacement.
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