(in German) Staatssekretariat für internationale Finanzfragen (in French) Secrétariat d'État aux questions financières internationales (in Italian) Segreteria di Stato per le questioni finanziarie internazionali (in Romansh) Secretariat da stadi per dumondas finanzialas internaziunalas | |
The Bernerhof, headquarters of the Federal Department of Finance (2005). | |
Agency overview | |
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Formed | 1 March 2010 |
Jurisdiction | Federal administration of Switzerland |
Headquarters | Bern, Switzerland |
Minister responsible | |
Parent agency | Federal Department of Finance |
Website | www |
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]
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. [3]
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. [2]
Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Alps and the Jura; the Alps occupy the greater part of the territory, whereas most of the country's population of 9 million are concentrated on the plateau, which hosts its largest cities and economic centres, including Zürich, Geneva, and Basel.
The Economy of Switzerland is one of the world's most advanced and a highly-developed free market economy. The economy of Switzerland has ranked first in the world since 2015 on the Global Innovation Index and third in the 2020 Global Competitiveness Report. According to United Nations data for 2016, Switzerland is the third richest landlocked country in the world after Liechtenstein and Luxembourg. Together with the latter and Norway, they are the only three countries in the world with a GDP per capita (nominal) above US$90,000 that are neither island nations nor ministates.
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and the U.S. Mint. These two agencies are responsible for printing all paper currency and minting coins, while the treasury executes currency circulation in the domestic fiscal system. The USDT collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy. The department is administered by the secretary of the treasury, who is a member of the Cabinet. The treasurer of the United States has limited statutory duties, but advises the Secretary on various matters such as coinage and currency production. Signatures of both officials appear on all Federal Reserve notes.
The Government of the Hong Kong Special Administrative Region, commonly known as the Hong Kong Government or HKSAR Government, is the executive authorities of Hong Kong. It was formed on 1 July 1997 in accordance with the Sino-British Joint Declaration of 1983, an international treaty lodged at the United Nations. This government replaced the former British Hong Kong Government (1842–1997). The Chief Executive and the principal officials are appointed by the State Council of the People's Republic of China. The Government Secretariat is headed by the Chief Secretary of Hong Kong, who is the most senior principal official of the Government. The Chief Secretary and the other secretaries jointly oversee the administration of Hong Kong, give advice to the Chief Executive as members of the Executive Council, and are accountable for their actions and policies to the Chief Executive and the Legislative Council.
Banking in Switzerland dates to the early 18th century through Switzerland's merchant trade and has, over the centuries, grown into a complex, regulated, and international industry. Banking is seen as emblematic of Switzerland. The country has a long history of banking secrecy and client confidentiality reaching back to the early 1700s. Starting as a way to protect wealthy European banking interests, Swiss banking secrecy was codified in 1934 with the passage of a landmark federal law, the Federal Act on Banks and Savings Banks. These laws, which were used to protect assets of persons being persecuted by Nazi authorities, have also been used by people and institutions seeking to illegally evade taxes, hide assets, or generally commit financial crime.
The Federal Department of Finance is one of the seven departments of the Swiss federal government. The department is headquartered in Bern and headed by a member of the Swiss Federal Council, Switzerland's finance minister. Initially, in 1848, the department was called "Department of Finance", then, from 1873 "Department of Finance and Customs", until it received its present designation in 1978.
The Department of Finance is a department of the Government of Ireland. It is led by the Minister for Finance and is assisted by two Minister of State.
The Department of the Treasury, also known as The Treasury, is the national treasury and financial department of the federal government of the Commonwealth of Australia. The treasury is responsible for executing economic and fiscal policy, market regulation and the delivery of the federal budget with the department overseeing 16 agencies. The Treasury is one of only two departments that have existed continuously since Federation in 1901, the other being the Department of the Attorney-General.
The National Economic and Development Authority is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the president of the Philippines as chairman of the NEDA board, with the Secretary of Socioeconomic Planning as vice-chairman. A number of Cabinet members, the Governor of the Bangko Sentral ng Pilipinas, the Chairperson of the Metropolitan Manila Development Authority, the Chief Minister of Bangsamoro, the Secretary of Information and Communications Technology, the Chairman of the Subic–Clark Area Development Corporation, and the National President of the Union of Local Authorities of the Philippines are members of the NEDA Board.
Crime in Switzerland is combated mainly by cantonal police. The Federal Office of Police investigates organised crime, money laundering and terrorism.
The federal administration of Switzerland is the ensemble of agencies that constitute, together with the Swiss Federal Council, the executive branch of the Swiss federal authorities. The administration is charged with executing federal law and preparing draft laws and policy for the Federal Council and the Federal Assembly.
The Swiss Space Office (SSO) is the federal government's competence centre for national and international space matters. In its role it cooperates closely with other federal offices and is responsible for the preparation and implementation of the policy and strategic orientations of the space domain in Switzerland. The SSO is part of the State Secretariat for Education, Research, and Innovation. The Head of the SSO is Dr. Renato Krpoun.
Energy in Switzerland is transitioning towards sustainability, targeting net zero emissions by 2050 and a 50% reduction in greenhouse gas emissions by 2030.
The Office of Social Innovation and Civic Participation was an office new to the Obama Administration, created within the White House, to catalyze new and innovative ways of encouraging government to do business differently. Its first director was the economist Sonal Shah. The final director was David Wilkinson.
FDP. The Liberals is a liberal political party in Switzerland.
PostFinance Ltd is the financial services unit of Swiss Post which was founded in 1906. As of 2023, it is the fifth largest retail financial institution in Switzerland. Its main area of activity is in the national and international payments and a smaller but growing part in the areas of savings, pensions and real estate.
The State Secretariat for Education, Research and Innovation (SERI) within the Federal Department of Economic Affairs, Education and Research is the federal government's specialised agency for national and international matters concerning education, research and innovation policy.
The Ministry of Finance or Ministry of Treasury (MH) is the department of the Government of Spain responsible for planning and carrying out the government policy on public finance and budget. It applies and manages the regional and local financing systems and the provision of information on the economic-financial activity of the different Public Administrations.
Hong Kong–Switzerland relations refers to bilateral relations between Hong Kong and Switzerland.
Daniela Stoffel is a Swiss diplomat. She has been State Secretary for International Finance at the Federal Department of Finance since 1 March 2019.