Skiplink Navigation

Main Features

Pressure on banking secrecy galvanises support

The Swiss have made it clear they treasure the country’s banking secrecy legislation and want to protect it, a study at Zurich University has shown.

In an online survey a group of university psychologists and other researchers asked 1,179 people in German-speaking Switzerland whether they felt banking secrecy was worth preserving.

Almost 72 per cent of respondents were in favour, with about 65 percent saying they would vote to keep banking secrecy for both domestic and foreign clients if the issue came to a national vote.

The results also showed that the more banking secrecy comes under fire, the stronger Swiss sentiment grows for protecting it.

About half the respondents also said they were against facilitating tax evasion.

Researchers said they could assume from the results that the willingness to defend banking secrecy would decrease if the topic were discussed objectively and not while under pressure from foreign influences. and agencies

Neuer Inhalt

Horizontal Line

SWI on Instagram

SWI on Instagram

SWI on Instagram

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters