Implementation of the positive experience of switzerland on the protection of banking information in financial-legal relations
Journal Title: Економіка. Фінанси. Право - Year 2017, Vol 10, Issue
Abstract
The article analyzes the implementation of the positive experience of Switzerland on the protection of banking information in the financial legal relations. Article shows the benefits and disadvantages of the Swiss legislation governing the protection of banking information to the state. The protection of banking information is one of the Central concepts of banking legislation of many developed countries in the world. Banks as carriers of financial information, often located in the centre of attention of state authorities. The existence of many old and well-known banks in Switzerland was lightweight Swiss neutrality and national sovereignty, which has long recognised foreign state. The stability contributed to the creation of the environment in which the banking sector could develop and flourish. Switzerland maintained neutrality through both world wars. Compliance with the Bank secrecy for Switzerland throughout its history was the question of his political survival. The legislation does not an exhaustive list of types of information relating to banking secrecy. Responsibility for violation of banking secrecy for banks in Swiss law is not provided. The above rules of normative legal acts formulated exclusively in relation to individuals, employees of banks, state bodies and auditing companies. Recently, Switzerland signed an international agreement align Swiss Bank practices with other States and, in fact, ends the special secrecy that clients of Swiss banks earlier.
Authors and Affiliations
Andriana Vasylivna Bryhinets
Keywords
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