What does AFBS mean in BANKING
The Association of Foreign Banks in Switzerland (AFBS) is an organization that represents the interests of foreign banks operating in Switzerland. It was founded to ensure a safe, secure and competitive financial system in Switzerland with member banks committed to sound and ethical banking practices. AFBS advocates for its members on relevant issues ranging from regulation, taxation, and legal concerns to market access.
AFBS meaning in Banking in Business
AFBS mostly used in an acronym Banking in Category Business that means Association of Foreign Banks in Switzerland
Shorthand: AFBS,
Full Form: Association of Foreign Banks in Switzerland
For more information of "Association of Foreign Banks in Switzerland", see the section below.
Essential Questions and Answers on Association of Foreign Banks in Switzerland in "BUSINESS»BANKING"
What does AFBS stand for?
AFBS stands for Association of Foreign Banks in Switzerland.
What is the purpose of AFBS?
The purpose of AFBS is to represent the interests of foreign banks operating in Switzerland, advocating for increased safety, security and competitiveness with its members committed to sound and ethical banking practices.
Who is part of AFBS?
AFBS consists of foreign-owned banks operating in Switzerland as well as other stakeholders such as advisors, consultants and regulators who work with these international entities.
Does AFBS provide any other services besides advocating?
Yes, as well as promoting legislation favorable to its members' interests, AFBS also offers training courses on topics such as banking compliance, AML/CFT regulations and FATCA requirements.
How can I become a member of AFBS?
Membership to the Association is open to any foreign bank located in Switzerland which meets certain criteria set forth by the organization's board of directors. Interested parties should contact the association for further details about how to apply for membership.
Final Words:
The Association of Foreign Banks in Switzerland (AFBS) plays an important role by representing the interests of its members and providing them with information related to international banking operations in Switzerland. Through its advocacy efforts it supports a safe and secure financial system while seeking opportunities for increased competitiveness within the Swiss financial sector.