Swiss Banking regulatory shortcomings.

PaulRen's picture
Category: 
Non Thai Article

I can't help but raise my eyebrows to a Swiss Finance regulatory, news article just read.
An interview with the Swiss Finance minister, Ms. Karin Keller-Sutter.  She was interviewed about new Swiss banking compliance/regulatory issues, to come...,in this article she mentions there are as of now, no provisions to fine Swiss bankers which violate Swiss banking/security laws? I could not believe I read this....how can this country claim to be a reputable financial center when the authorities there have no money-fines' authority? For a rogue banker(s) violating rules/regulations? This is unheard of in any responsible financial centers! , to say the least....Appalling

Paul A. Renaud.
Beyong Thaistocks.com

See that article here: https://www.swissinfo.ch/eng/swiss-politics/swiss-finance-minister-says-stricter-bank-rules-needed-for-trust/87914729#:~:text=Karin%20Keller%2DSutter%20is%20seen,since%20the%20beginning%20of%202023.