Country-specific regulatory requirements make cross-border financial services challenging.
Cross-border services have always been an important pillar of the Swiss banking industry. In the wake of the latest financial crisis, various countries have issued strict provisions for political, protectionist or fiscal motives in order to stay active on their financial markets. As a result, Swiss banks with international client bases see themselves confronted with a multitude of country-specific regulations.
Cross-border banking services are subject to extensive controls in an increasingly tightened regulatory environment. Strict compliance with respective local provisions is a central topic.
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