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Welcome to the Association of Credit Management in Switzerland


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Wednesday, May 18, 2016 at 1:30 p.m. our Spring Event 2016 takes place at the 25hours Hotel Zurich West. Also this time the we prepaired an exciting program for you (Register). 





Swiss News

Following in Lord Byron’s Swiss footsteps

Two hundred years ago, the great British poet Lord Byron retreated to Switzerland with fellow Romantics for what would become an exceptionally creative summer. It would also have a lasting impact on tourism to the area. In 1816, 28-year-old George Gordon Byron left England by boat for self-imposed exile. The disgraced literary star travelled through Belgium and Germany to Switzerland, where he stayed from May 20 to October 10, meeting up with an entourage that included poet Percy Bysshe Shelley, his wife Mary and stepsister Claire. They rented summer houses at Cologny, near Geneva, and spent part of their time boating and visiting Geneva, Lausanne and the Château de Chillon. Fleeing nosy locals and British tourists, and often stuck indoors due to bad weather – blamed on an Indonesian volcano - the creative juices flowed. “Everybody was spying on Byron and spreading rumours. The idea he was drinking a lot and taking drugs was a myth. He mainly just ...

Basic income initiative set for defeat

The final opinion poll ahead of a nationwide vote on June 5 has found an overwhelming majority of citizens coming out against the introduction of an unconditional basic income in Switzerland. The survey, published on Wednesday, found 71% of respondents saying they would reject the initiative, while 26% said they would approve it. The figures are virtually unchanged from a first opinion poll in April commissioned by the Swiss Broadcasting Corporation,’s parent company. “Opinions were made up from the beginning. There was hardly any change during the campaign,” says political scientist Martina Mousson of the leading GfS Bern research and polling institute, which carried out the survey. She says there is slightly more support among leftwing parties, younger people and those with a higher income compared with last month’s poll. The initiative has also gained slightly more ground in the French-speaking part of the country. Nevertheless the verdict remains ...

Dealing with Swiss money laundering miscreants

On Wednesday, the Swiss financial regulator effectively ordered the liquidation of Lugano-based BSI private bank following “serious breaches of money laundering regulation”. This is by far the most radical action taken thus far by the authorities. The crackdown BSI is being taken over by the EFG group, at which point it will cease to exist. The bank, and some of its executives, are also under investigation by the Swiss attorney general for alleged corruption regarding the 1MDB Malaysian sovereign wealth fund and the Brazilian Petrobras scandal. The Swiss Financial Market Supervisory Authority (FINMA) is also investigating six other banks in connection with similar money laundering allegations. Last year, the regulator probed 29 financial institutions for suspected money laundering breaches, but ordered them to fix the problems internally rather than opt for enforcement proceedings. FINMA rarely gives details about its enforcement actions, more often than not ...

Are most asylum seekers economic migrants?

As voters prepare to vote on reforms to Switzerland’s asylum law on June 5, the conservative right Swiss People’s Party has insisted that most applicants arriving in the country are not fleeing for their lives. In an interview with, Albert Rösti, a member of parliament and the newly minted president of the People’s Party, argued that proposals to accelerate asylum procedures and offer free legal advice would only encourage undeserving applicants to come to Switzerland. Instead, Rösti said, “we should be looking for solutions for rejecting or repatriating the so-called economic refugees, who constitute most of the asylum seekers in Switzerland”. wanted to know if it was true that most applicants for asylum are not fleeing persecution or harm, but rather are people searching for better economic conditions. While it is impossible to know the exact reasons why migrants leave their countries of origin, we can look at asylum decisions for a ...

Why Swiss unemployment money is paid to Portugal

Many foreign workers can claim unemployment benefits in their home countries during winter breaks. In order to comply with the free movement of people regulation, Switzerland has to pay for the costs. (SRF/ Last year Switzerland paid unemployment benefits for 27,000 people living abroad. That’s almost CHF200 million. Most of the money goes to people living near the Swiss border in France, Italy or Germany, who have either lost their jobs in Switzerland or have resigned. Foreign workers are benefiting from an EU regulation related to the free movement of people, which obligates Switzerland to contribute money to EU states. The State Secretariat for Economic Affairs (SECO) totally underestimated the costs initially. The overall unemployment rate in Switzerland has risen to 5.1% – the worst figures in six years – as reactions to the strong franc continue. There are now some 249,000 people out of work in Switzerland, according to the International Labour Organisation (ILO).


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 :

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.




Let's meet there!