State Secretariat for International Finance

State Secretariat for International Finance
(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
Formed1 March 2010; 14 years ago (2010-03-01)
JurisdictionFederal administration of Switzerland
HeadquartersBern, Switzerland
Minister responsible
Parent agencyFederal Department of Finance
Websitewww.sif.admin.ch

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.[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]

References

  1. ^ Dreier, Daniel. "Swiss State Secretariat for International Financial Matters Explained". moneyland.ch. Retrieved 16 September 2023.
  2. ^ a b Hall, Ian (6 July 2023). "Swiss government sets up unit to 'foster financial innovation'". Global Government Fintech. Retrieved 16 September 2023.
  3. ^ a b "Government appoints new top finance diplomat". SWI swissinfo.ch. 16 January 2019. Retrieved 16 September 2023.
  4. ^ Secretariat, State (1 March 2019). "State Secretary Daniela Stoffel". Staatssekretariat für internationale Finanzfragen SIF - Startseite. Retrieved 16 September 2023.