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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title How much is Banking Secrecy worth? The case of Swiss Banks
Organization Unit
Authors
  • Alexandre Ziegler
Language
  • English
Institution University of Zurich
Series Name NCCR
Number 331
Date 2011
Abstract Text We use an early episode of negotiations between Switzerland and the European Union to investigate the value of banking secrecy for four Swiss banks: two universal banks and two private banks. We nd that the value of banking secrecy to private banks is large, accounting for at least 8 to 14% of their market value. Perhaps surprisingly, banking secrecy appears to account for only a very small fraction of the market value of the universal banks.
Other Identification Number merlin-id:4704
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