Financial Services

Tax transparency: Automatic Exchange of Information from 2017 onwards

Switzerland and the EU agreed on 19 March 2015 that the automatic exchange of information will enter into force in 2017. What are the consequences of this agreement?

IFRS 9 Financial Instruments – IT banking platform implementation aspects

The IASB published the final version of IFRS 9 Financial Instruments in July 2014. This article aims to provide an overview of the IT banking platform implementation activities which are required to accomplish an optimal introduction of the IFRS 9 regulation in the banking domain.

Impact of the SNB decision on SST reporting companies

On 23 February, FINMA responded to the current economic environment and required all SST (Swiss Solvency Test) reporting companies to add a chapter to their SST Report on the effect of the SNB decision to remove the euro cap and the lowering of the base rate.

Transforming Life Insurance

Reflecting on last year’s trends and considering where the next few months will lead us, the Swiss insurance market will deliver not only healthy short-term results but also be better positioned for sustainable profits. There are still many challenges Swiss life insurers have to face within the next few months.

New revenue standard: Scratch in the jewel of the crown of convergence?

The chairman of the IASB, Hans Hoogervorst, has repeatedly said that the new revenue recognition standard released on 28 May 2014, is the “jewel in the crown of convergence”. Less than a year after publishing their joint standard on revenue recognition, the IASB and the FASB are back in standard-setting mode.

Erbschafts- und Schenkungssteuerinitiative erschwert Nachfolgeplanung

Am 14. Juni 2015 wird über die Erbschafts- und Schenkungssteuerinitiative abgestimmt, welche auch erhebliche Auswirkungen auf die Nachfolgeplanung von Unternehmen haben wird. Die geordnete Übergabe eines Unternehmens ist bereits eine sehr herausfordernde Aufgabe, welche bei Annahme der Initiative noch viel schwieriger werden würde.