The EU and Switzerland inked a landmark deal on Wednesday (27 May) aimed aimed at clamping down on banking secrecy and preventing EU citizens from hiding undeclared cash in Swiss bank accounts.
Under the agreement signed by EU economics commissioner Pierre Moscovici, and by the Swiss State Secretary for International Financial Matters, Jacques de Watteville, both sides will automatically exchange information on the financial accounts of each other's residents from 2018.
The names...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.