Berlin, Germany (TSR, Fre and Tribune de Geneve, Fre) – The director of the Swiss Bankers Association, Urs Philipp Roth, presented Switzerland’s case for banking secrecy during a three-hour hearing by the financial commission of the German Bundestag (parliament), a meeting Swiss observers later qualified as “respectful.”

Germany has not yet asked Switzerland to renegotiate their bilateral tax treaty, as some other European countries have done, but the meeting focused on how Switzerland plans to continue managing bank secrecy now that it has agreed to accept the OECD’s Model Tax Convention.

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