According to the Agefi, the Swiss Federal Councillor Eveline Widmer-Schlumpf expects that by the end of the year a number of Category 2 Swiss banks will reach a solution with the USA to settle their tax dispute. The negotiations are being held between the DoJ and the banks themselves. However, the Swiss Confederation strives to ensure that the Swiss banks are treated fairly by the US authorities or relative to other institutions in the sector.

The Non-Prosecution Agreement (NPA) that is being negotitated is still unclear about the ‘total cooperation’ required by the USA.