Swiss Bankers Association
Swiss Bankers Association
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Statement from the SBA regarding the joint statement from the US and Switzerland regarding a Framework for Cooperation to Facilitate the Implementation of FATCA

Basel, 21.06.2012

  • The SBA has long pointed to the difficulties presented by the implementation of FATCA and welcomes the start of negotiations between Switzerland and the US for a facilitated implementation.
  • The core element of the solution is that the necessary exchange of data will be made directly with the US tax authorities and not, as in the implementation solution for the five big European countries, by means of centralized data gathering. This better takes into account the particular characteristics of the Swiss financial centre.
  • Also positive are the possibility of simplified client identification and the preservation of QI-status for financial institutions considered as deemed compliant.

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Marie-Claire Moinat
Je suis intéressée par votre position car je suis en charge de la roadmap de nos logiciels bancaires en ce qui concerne le respect des contraintes de Conformité.
Thomas Sutter
Deputy CEO
Head of Communication

Tel. +41 61 295 92 06
Fax +41 61 272 53 82                    
Sindy Schmiegel Werner
Head of Communication Anglo-Saxon World

Tel. +41 61 295 92 15
Fax +41 61 272 53 82