On 23 December 2011 the Swiss Parliament enacted the new accounting law, which became effective on 1 January 2013. The new accounting law includes some changes that are relevant for commodity trading companies, particularly with respect to the application of valuation principles.
Risk management is at the top of the global executive agenda as companies face an array of threats that grow more complex every day. The risks are vast and ever-present and those companies that fail to manage them well imperil their future.
The economic crisis of 2008 has already led to a significant increase in the regulation of financial and corporate activity, particularly regarding governance, accountability and transparency. What are the likely consequences in Switzerland resulting from the attention being given to the commodities traders? Today they remain very discreet, but will the giants o […]