State Secretariat for International Finance explained

Agency Name:State Secretariat for International Finance
Native Name: Staatssekretariat für internationale Finanzfragen
Secrétariat d'État aux questions financières internationales
Segreteria di Stato per le questioni finanziarie internazionali
Secretariat da stadi per dumondas finanzialas internaziunalas
Jurisdiction:Federal administration of Switzerland
Headquarters:Bern, Switzerland
Minister1 Name:Karin Keller-Sutter
Minister1 Pfo:Federal Councillor
Parent Agency:Federal Department of Finance

The State Secretariat for International Finance (SIF) is a Swiss government agency that is responsible for defending Switzerland's interests in international financial, tax and monetary matters. It promotes international competitiveness, the integrity of Switzerland's financial centre, access to foreign financial markets and the stability of the Swiss financial sector.[1]

It is an office of the federal administration of Switzerland under the responsibility of the Federal Department of Finance.[2]

History

The office was established in 2010 in response to the 2007–2008 financial crisis and tax issue disputes between Switzerland and other countries such as the UBS tax evasion controversies.

Since 2019, the current Secretary for International Finance is Daniela Stoffel.[3] [4]

In July 2023, the Swiss Financial Innovation Desk, aimed at promoting financial innovation in Switzerland, was established as part of the SIF.[5]

External links

Notes and References

  1. Web site: Dreier . Daniel . Swiss State Secretariat for International Financial Matters Explained . moneyland.ch . 2023-09-16.
  2. Web site: Hall . Ian . Swiss government sets up unit to ‘foster financial innovation’ . Global Government Fintech . 2023-07-06 . 2023-09-16.
  3. Web site: Government appoints new top finance diplomat . SWI swissinfo.ch . 2019-01-16 . 2023-09-16.
  4. Web site: Secretariat . State . State Secretary Daniela Stoffel . Staatssekretariat für internationale Finanzfragen SIF - Startseite . 2019-03-01 . 2023-09-16.
  5. Web site: Hall . Ian . Swiss government sets up unit to ‘foster financial innovation’ . Global Government Fintech . 2023-07-06 . 2023-09-16.