SWITZERLAND - BANKING - In Zurich opens the Islamic Bank of Switzerland

www.ticinolive.ch - The business newspaper Bilan in Zurich announces the opening of the Islamic Bank of receipient (IBS).
The institution will apply the rules of Islamic finance, mainly taken no interest on loans and investments are justified on social awareness. (source)

SWITZERLAND - Dubai Financial Services Authority renews ties with Swiss counterpart

The Dubai Financial Services Authority (DFSA) entered into a Memorandum of Understanding (MoU) with the Swiss Financial Market Supervisory Authority (FINMA). The MoU was signed on behalf of the DFSA by its Chief Executive, Mr Paul M Koster and Professor Anne Héritier Lachat, Chair of the Board of Directors of FINMA, in advance of a meeting of the DFSA Board in Zurich.(source)