June 12, 2025|
AI
|6 months agoSwiss-US breakthrough: Banking information deadlock resolved
Agreement ends years-long stalemate over sharing client investment information, marking new era in US-Swiss financial cooperation.
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Generated IllustrationKey Takeaways
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- The US and Switzerland have ended a years-long stalemate over sharing client investment information
- The SEC halted processing applications from Swiss investment advisers in 2020
- At least eight Swiss companies are under regulatory examination
By The Numbers
8+
Swiss companies under examination
2020-2025
Duration of application moratorium
They Said
"These applications have languished for too many years, and it is well past time that we resume this process"
"The suddenness of the announcement is a surprise"