After a brief introduction and welcome by Philipp Rickert, Partner, Head of Financial Services of KPMG AG, the two experts Markus Lange, Partner, Head of Financial Services Legal, KPMG Frankfurt and Michael Schneebeli, Partner, Head of Regulatory Services, KPMG Zurich shed light on the AEI's background, requirements and possible arrangements for Swiss banks, also from an EU perspective.
Ambassador Christoph Schelling, a member of the Executive Board of the State Secretariat for International Financial Matters (SIF) addressed the question whether the automatic exchange of information means the end of client confidentiality. A high-profile panel moderated by Juerg Birri, Head of Legal (German-speaking Switzerland) of KPMG Zurich, addressed various issues in regard to the most recent developments, initiating a lively discussion among the participants.
The panelists, Hans-Peter Portmann of LGT (Switzerland) Ltd. and FDP Cantonal Councilman, Ambassador Christoph Schelling, Martin Vogel, CEO of the Schaffhausen Cantonal Bank and Daniel Zuberbühler, former vice president of the FINMA's BoD discussed political views, current debates and economic aspects during 45 minutes. In the end, they could not quite agree on how fast the AEI will be implemented.
For further information, please see the slides presented at this event.