4、The third part is mainly discussed by banking secrecy system caused by the legal problems.
8、The European Union and the Organisation for Economic Co-operation and Development are also piling pressure on Switzerland over tax and banking secrecy.
1、The fourth part is about banking secrecy system improvement suggestion.
6、This paper, besides the introduction and conclusion, is divided into four parts:the first part of the system of banking secrecy and theoretical basis in this paper.
11、Even the most ardent defenders of banking secrecy concede that the tide is turning against it, however. In the rich world, the mood against all big Banks has soured, including offshore ones.
7、The small Luxembourg can rapidly develop into a world-renowned financial kingdom within thirty or forty years, which is also related to its strict banking secrecy regulations.
3、The second part of the system is discussed and banking secrecy exceptions.
2、Switzerland and Luxembourg fear— not without cause— that giving up banking secrecy would hit their private-banking business.
5、From that viewpoint, banking secrecy is a human right and states that try to overturn it are overreaching their powers.
10、UNDER intense international pressure to lift banking secrecy, the first and biggest of the world's "tax havens" -places that charge low or no taxes to foreigners-is ceding some ground.
9、The 66-year-old German, who was apppointed Thursday to lead day-to-day operations at the ailing Swiss banking giant, said banking secrecy could continue if aspects of it were changed.
