Financial Transparency Coalition

Swissinfo.ch has an article today detailing a movement among conservative youth in Switzerland which are petitioning in support of banking secrecy laws. From the article:

The youth branch of the rightwing Swiss People's Party has joined a campaign to protect banking secrecy by collecting signatures for a people's initiative.

Eric Hess, president of the group, told media in Bern on Tuesday that the effort was aimed at enshrining banking secrecy laws into the country's constitution to prevent the exchange of account holder data with foreign investigators.

This past year, young people...

swissinfo - The youth branch of the rightwing Swiss People's Party has joined a campaign to protect banking secrecy by collecting signatures for a people's initiative.

The New York Times is carrying an article by a Swiss ideologue, Pierre Bessard, entitled Leave Swiss Banks Alone. Anyone reading it might be forgiven for thinking that Swiss bank secrecy somehow is a benefit to the world. We would like to correct a few points of fact, and of interpretation. First, he trots out the hoary old canard that bank secrecy started out, at least in part, as a way to protect money from the Nazis. We recently published the correction of this myth in the Financial Times, in our March 26 letter entitled Swiss secrecy laws...