Swiss bank secrecy

"The bank customer has a right to protect its economic privacy, the Bank has therefore the duty of all factsrelating to their customers to maintain confidentiality."
Defined by the Swiss Bankers Association's bank secrecy. Banking secrecy is a professional secret, not only the employees of a bank are subjected, but also organs, officers or liquidators of a bank, study or rehabilitationofficer of the Banking Commission, and organs, or employee of an approved auditor. Banking secrecy is enshrined in the Federal Law on Banks and Savings Banks (Banking Act, Banking Act) in Article 47. The Banking Law provides the basis for a permit to operate as a bank. This requires due diligence in the context ofregulatory and civil law duties of care, as well as the secrecy before. A provision for banking supervision is theso-called warranty article: "The permit will be issued if, (...) which enjoy with the administration andmanagement of the bank entrusted people a good reputation and guarantee of a proper business." (Art. 3paragraph 2 item c BA)