Transnational business activities and the related regulatory requirements for financial intermediaries are in the focus of regulators worldwide since the eruption of the financial crisis seven years ago.
The turbulences on the financial markets and the international tax transparency developments changed the financial market environment significantly and will continue to shape the Swiss financial center with its long-standing tradition in offshore banking. Financial intermediaries are facing numerous additional regulatory requirements and are particularly challenged in maintaining their cross-border business relationships.
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