Finance Ministry promises shake-up for Swissies

Buried deep in the Swiss finance ministry’s banking report, published on Monday, is a commitment to re-order the Swiss fixed income market, with potentially severe consequences for the jurisdiction. It suggests removing withholding tax and issuing tax from Swiss bond issues, which may open up the market to international investors as well as issuers. Read EuroWeek on Friday to find out what Swiss bond syndicates plan to do about it.