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H.E Ambassador Fabrice Filliez Ambassador State Secretariat for international financial matters

Learn about Switzerland's competitive and stable financial centre, its trade relations with Arab countries, financial market policies, and international challenges in business taxation and automatic information exchange.

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H.E Ambassador Fabrice Filliez Ambassador State Secretariat for international financial matters

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  1. H.E Ambassador FabriceFilliezAmbassador State Secretariat for international financial matters

  2. Switzerland – a competitive and stable centre of excellence for international banking Swiss Arab Financial Forum Geneva, April 3, 2014 Fabrice FilliezAmbassador, State Secretariat for international financial matters

  3. Overview • Swiss Financial Centre, some figures • Trade Switzerland – Arab countries • Financial market policy • International challenges: - Business taxation - Automatic information exchange • Conclusion

  4. Financial Centre Switzerland 300 10% 210‘000 banks, of which132 foreign banks added value as apercentage of GDP employees No 1 100% 101% sound public finances political stabilitystrong currency in world-widecross boarder private banking internationalknow how

  5. Financial Centre Geneva 123 No.8 36‘000 of financial sectors worldwide employees in thefinancial sector banks No.1 931 3200 financial intermediaries worldwide in the finance of commodity trading multilateral companies

  6. Trade Switzerland - Arabian countries 11 14 Swiss banks onlyin Dubai Middle East banks in Switzerland (increasing number) 2x 4,0% trade between Arab countries and Switzerland doubled since 2005 share of Arab countries on total trade, increased from 2,2 to 4%

  7. Financial market policy Market policy aims for... - quality - stability - integrity

  8. International challenges: Business taxation Switzerland calls for… - equal treatment - integral approach - tax competition

  9. International challenges: Automatic exchange of information Standard must contain… - principle of speciality - data protection - reciprocity - tax competition - identification of beneficial owner

  10. Conclusion • Switzerland's framework conditions for its financial centre pursue three objectives: • Switzerland offers a stable, competitive and friendly environment for international businesses to grow and invest • top quality • long-term stability • high level of integrity (fight against financial and tax crime)

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