The Swiss voice in the world since 1935

Banking secrecy exception proposed for Swiss media

Collection of Swiss newspapers
Swiss journalists say they have less freedom to report on the financial sector than counterparts in other countries. © Keystone / Gaetan Bally

Swiss journalists could in future receive leaked bank data without fear of criminal prosecution if a parliamentary motion is incorporated in banking secrecy legislation.

On Thursday the government supported a proposal from the House of Representatives that the media would be exempt from prosecution if their reporting is deemed in ‘good faith’.

+ Read how the UN condemns Swiss ‘criminalisation of journalism’

Swiss media have been banned from accepting leaked bank data since the banking secrecy act was tightened up in 2015.

The law change has been condemned by Reporters Without Borders and the United Nations for infringing on the freedom of the press in Switzerland.

Last year, a Swiss newspaper turned down the offer of leaked ‘Suisse Secrets’ data, which suggested banking links to criminals and corrupt foreign officials. The newspaper feared criminal prosecution if it followed the example of foreign media which accepted the information.

+ How the Swiss media was excluded from the ‘Suisse Secrets’ story

In addition to criticism from international NGOs, left-leaning Swiss parliamentarians also voiced their concern that press freedom is violated by the law.

A House of Representatives commission responded by issuing a motion to “ensure freedom of the press in financial matters”, which was passed by a narrow majority.

The government broadly welcomed the proposal in a written response on Thursday. But the Senate still has to debate and vote on the issue before any changes can be made to the current law.

Popular Stories

Most Discussed

News

Small two-seater crashes into Lake Geneva: no injuries

More

Small plane crashes into Lake Geneva near Vevey

This content was published on A small two-seater plane crashed into Lake Geneva near Vevey on Tuesday afternoon. The two people on board were able to escape from the submerged aircraft without any injuries.

Read more: Small plane crashes into Lake Geneva near Vevey
Drafts for new banknote series available

More

Swiss National Bank publishes new banknote designs

This content was published on The Swiss National Bank (SNB) is working on a new series of banknotes on the theme of “Switzerland and its altitudes”. Twelve designs for the new series have been submitted and the public's opinion is now being sought.

Read more: Swiss National Bank publishes new banknote designs
Switzerland wants to win the Foreign Oscar with "Heldin"

More

Swiss film ‘Late Shift’ put forward for Oscar

This content was published on Late Shift [Heldin], a film by about overworked nurses, is Switzerland's candidate for the Best International Feature Film award at the Oscars next year.

Read more: Swiss film ‘Late Shift’ put forward for Oscar

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here . Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR

SWI swissinfo.ch - a branch of Swiss Broadcasting Corporation SRG SSR