Switzerland, Luxembourg and Austria have agreed to for concessions on bank secrecy. Their agreements come after talks with the Organisation for Economic Co-operation and Development OECD). OECD sets rules on bank data sharing.
The agreements were announced ahead of a meeting of finance ministers and central bank governors from the G20 group of industrialised nations, which is due to start at a venue near London later. Liechtenstein and Andorra agreed similar OECD deals yesterday.
All had come under increasing pressure to reform their banking sectors. Last month Swiss bank UBS gave the US details of 300 of its American clients.
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