Challenges of non US banks

Swiss based bank with U.S. clients faces the following challenges:

• Ensuring compliance with complex and often changing foreign legal framework
• Severe penalties for non-compliance and intense time pressures for remedying past behaviors
• The need to retain revenue and potentially develop new business
• Awareness of the media and social exposure resulting from any restructuring of a bank’s approach to its U.S. business unit
• Increasing demand by U.S. clients for sophisticated and tax compliant investment portfolios, products and services