Welcome to the Association of Credit Management in Switzerland
The ACMS task force is in the middle of preparing the fall event 2016, which is going to take place in the Technopark in Zurich at November 30, 2016. This time we were able to win speakers from internet technology companies, who will explain to us how the future of electronic cash flow will look like. Will we loose hard cash? Will banks and insurance companies survive?
Save the date: November 30, Technopark, Zurich
Colossal amounts of money are being spent on makeovers for many of the international organisation headquarters based in Geneva. So what’s changing? After the recent additions of the stunning Maison de la Paix state-of-the art campus and new World Intellectual Property Organization (WIPO) conference halls, more building work is underway or expected as part of the vast ‘Jardin des Nations’ cantonal plan to develop the sprawling neighbourhood. “The amounts of money committed to transformations and renovations are astronomical and there are big infrastructure projects planned, like the Route des Nations link road and tunnel, and the extension of the 15 tram to Grand-Saconnex,” explains Pascal Michel, acting head of the cantonal urban development service responsible for the international district. In all, over CHF2 billion ($2 billion) is being invested in new buildings and major renovations, as well as local transport. A considerable chunk of the finance ...
In business, a near-debt experience can easily turn into a near-death one. A year ago, shareholders were slapping the pallid cheeks of commodities-and-mining group Glencore and beseeching: “Don’t go towards the light!” On the evidence of interim results, Glencore has meandered back from the other side with only the odd angel feather clinging to its collar as evidence. The Swiss group has made about $4 billion (CHF3.8 billion) in divestments, including a deal to sell gold output from an Aussie mine for more than A$880 million (CHF647 million). Net debt, which once stood at $29 billion, should fall to $17 billion by the year’s end. That will take the ratio of borrowings to earnings to below a 2:1 target. Dividends should resume next year. Critics say Glencore flatters its debt numbers by excluding inventory that may not be as readily saleable as it imagines. Even so, the business never risked bankruptcy in normal market conditions. The left-field peril ...
Social media influence on the news in Switzerland is rising - and this is proving to be both a friend and enemy to Swiss media companies. Media researcher Linards Udris says that social media is needed to reach a younger audience, but it brings no financial rewards. Soft news and emotional reporting are becoming more popular. Most Swiss media companies - including swissinfo.ch - are on Facebook, Twitter and YouTube. This has affected how the news is reported and distributed. For example, because Facebook favours video, many media outlets have been upping their video reporting. And additional time is required of journalists to engage with readers on social media. There are grumblings: earlier this summer, Katharine Viner, editor-in-chief of the British Guardian broadsheet, wrote that “social media has swallowed the news, threatening the funding of public-interest reporting and ushering in an era when everyone has their own facts”. For this latter point, she gave ...
Switzerland is swimming against the tide with its decision to grant complementary therapies the same status as conventional medicine. Is it a case of the people’s will winning over science? ‘Absurd.’ ‘Unacceptable.’ ‘Startling.’ ‘Squandering taxpayers’ money…’ These were some of the comments on Facebook when swissinfo.ch published the news at the end of March that the government would recognise alternative treatments. But authoritative Swiss medical organisations don’t agree. At the end of a consultation process involving political parties and experts, the Swiss Society of General Internal Medicine (SGAIM) and the Swiss Medical Association (FMH), along with the major parties, backed the interior ministry’s decision. Homeopathy in Switzerland In 1999, the interior ministry announced that the cost of several alternative clinical treatment methods (including TCM and homeopathy) would be included in basic health insurance for a six-year trial period. In 2005, ...
Former Swiss banker Rudolf Elmer has been sentenced to a 14-month suspended jail term after being found guilty of forgery and making threats in a long-running legal battle involving his former employer Julius Bär. However, the Zurich court on Tuesday turned down prosecution demands to convict the 60-year-old for breaching banking secrecy laws. Elmer’s defence team argued that he should not have to answer such charges as he was an employee of a Julius Bär subsidiary based in the Cayman Islands – outside the jurisdiction of Swiss banking secrecy laws. Elmer's prison sentence was suspended for three years. He was found guilty of making threats against Julius Bär after being fired in 2002. His trial was held in June with the judge recording his verdict on Tuesday after deliberation. The trial heard an appeal from Swiss prosecutors who argued that Elmer should have been convicted of more offences during a 2011 court case. Swiss news agency SDA quoted the judge as ...
Short facts about us
The Association of Credit Management Switzerland counts more than 400 members and interested persons. We put our main efforts in building networks and exchanging knowledge between Credit Managers in Switzerland and beyond.
Currently there is a team of Credit Managers working on following projects :
- Second edition of the Minimum Requirements for Credit Management in four languages
- Publishing a book named 'Credit Risk Management - Code of Best Practice' in German and making a translation available in English
- Executing a spring and a fall event in Zurich every year
- Forming regional teams in French and Italian regions of Switzerland
- Organizing regional lunches for Credit Managers
- Offering a certified training for Credit Managers
- Membership campaigns
- Actively involve our partners and sponsors in our activities
If you would like to read more about our activities please to go to bullet point Activities in the table of contents to the left.