Monitoring global investments: the Federal Banking Commission is responsible for the huge task of monitoring international investments in Switzerland. Swiss News talks to the director of the Commission, Daniel Zuberbuhler.

Swiss News › Nbr. 2004, May 2004

Author: Heddema, Renske

Position:: Politics

Linked as:

Summary

Politics

See the full content of this document

Extract

Monitoring global investments: the Federal Banking Commission is responsible for the huge task of monitoring international investments in Switzerland. Swiss News talks to the director of the Commission, Daniel Zuberbuhler.

The Federal Banking Commission (FBC) is housed in a typical Swiss setting. Its director Daniel Zuberbuhler sits in an austere building at the back of the Department of Finance in Bern

The FBC may function independently from the Finance Ministry, but it is firmly embedded within the budget and personnel restrictions of federal administration. It is not an easy position for an agency, having to attract and retain the brightest brains of the financial industry. No wonder that the FBC director is likely to welcome a bit more flexibility in the remuneration of his people than the state system allows.

At present, some 150 accountants, lawyers, financial experts and assistants monitor the Swiss ...

See the full content of this document