This paper delves into the question of the driving forces behind financial infrastructure developments, both in Switzerland and globally. Firstly, the case of the "Swiss value chain", its home market and its pan-European reach, will be presented. As the case of virt-x or Eurex demonstrates, the...

This article explains the Swiss federal fiscal equalisation scheme. The objectives of financial equalisation have largely been achieved and the system is functioning well. However, the increasing differences between the cantons - whether in terms of financial performance or tax burdens - are...