Bern, Switzerland (TSR, Fre) – The Swiss government has asked Washington, DC, host to the G20 meeting of the world’s largest economies that took place over the weekend, to include all main financial centres in talks on the reforming the global financial system. Switzerland, as the world’s 21st largest economy, did not participate in the weekend meeting, but Switzerland as a financial centre is a key player.

The weekend meeting denounced countries that are viewed as uncooperative tax havens, and while Switzerland is not part of that group, listed by the OECD, the G20 meeting’s determination to insist on greater transparency could create new pressure for Swiss banking secrecy.

Posted by Ellen Wallace on 17 November 2008 at 12:26 | permalink
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News story, GenevaLunch, 17 November 2008.

Filed under: Politics

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  1. GenevaLunch » Blog Archive » China and Switzerland: investment protection signed, free trade under study Says:
    January 28th, 2009 at 6:36 am

    [...] Swiss touched on a topic that is of concern to Switzerland: its role in the G20 talks. As the 21st largest economy, Switzerland is not involved directly. The government statement Tuesday noted that “The Federal Council delegation stressed during [...]

Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.