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2023 WEF Annual Meeting

Press release

Federal Councillor Karin Keller-Sutter at 2023 WEF Annual Meeting

Federal Councillor Karin Keller-Sutter met several finance ministers from EU member states as well as the EU Commissioner for Economy at the World Economic Forum (WEF) Annual Meeting in Davos, and discussed bilateral financial and tax issues as well as the implementation of global financial and tax standards.

Mandatory climate disclosures


Federal Council brings ordinance on mandatory climate disclosures for large companies into force as of 1 January 2024

The Federal Council intends to make that possible with the new ordinance, which provides for the binding implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) by large Swiss companies.

Banking Act and Banking Ordinance

Press release

Federal Council brings amendments to Banking Act and Banking Ordinance into force with effect from 1 January 2023

The implementing provisions mainly comprise definitions and more precise formulations on deposit insurance. For example, there are stipulations for banks on how to make preparations to ensure the swift payout of insured deposits in the event of insolvency.


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