Mon, Oct 5, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Switzerland responds to challenges to its commodity trading industry in new report

Tuesday, April 02, 2013

Benedicte Gravrand, Opalesque Geneva: - Switzerland is one of the most important commodity trading centres in the world, said the Swiss Federal Council in a release last week announcing the publication of a background report on commodities. This report responds to challenges within the commodities trading industry coming from international competition and from calls for better compliance with international standards and more financial transparency.

Switzerland indeed wants to meet reputation risks, protect its significant role in this industry and remain attractive to commodity companies. The commodities industry in Switzerland includes groups such as Glencore Int’l, Vitol SA, Trafigura Beheer and Cargill and many smaller trading houses. But the country rejected calls for tougher regulation and chose to go for voluntary principles instead.

"Switzerland generally prefers voluntary standards, which are supported and upheld by businesses, to laws," Economy Minister Johann Schneider-Ammann was quoted by Bloomberg as saying to reporters in Bern. "It’s important that we make sure the framework in Switzerland isn’t less attractive than elsewhere."

Singapore, Dubai (U.A.E.), China (especially Hong Kong), the U.S., the UK, and the Netherlands are other popular......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework