GIC: watch out for Swiss referendum

June 16, 2010 at 2:31 pm Leave a comment

UBS must be nervous as Swiss parliament just pass the latest bill saying that Swiss voters will have the last say on whether Swiss accounts details should be handed over to US.

US deadline is August 2010 but the referendum will only take place after 100 days. Can parliament reconciliation sort this out?

Cross your fingers, GIC!

Swiss vote threatens US bank secrecy deal
http://www.ft.com/cms/s/0/a4a60edc-7866-11df-942a-00144feabdc0.html

latest update:No referendum required,GIC can heave a sign of relief

Entry filed under: Watch your step. Tags: .

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