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G20 and the offshore banks, how will it affect?


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Jan 28, 2009
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Banks in both Switzerland and Panama are affected by the measures taken by the G20 in their last reunion.

Wondering how it will affect the offshore banks of the different countries in the other offshore jurisdictions? Will it in the near future be possible for those offshore banks to reveal peoples information in these banks with measures scarce foundation?
We should wait until new tax information sharing agreements and legal precedents took place, for many non us citizens there is no need to worry about this, the most effect has been on us citizens.
Most of the big banking corporates are severely affected by the meltdown. However certain banks had escaped from this downturn because they didn't invested on toxic assets like the other ones did. The overall condition is critical than from being satisfactory.
We should wait and see what will happend, the time will soon tell us. I personally don't believe it will be any issue

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