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	<title>MoneyMountains.com &#187; Swiss Banking Association</title>
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		<title>Swiss banks face challenge on transparency</title>
		<link>http://moneymountains.com/swiss-banks-face-challenge-on-transparency/</link>
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		<pubDate>Mon, 01 Sep 2008 09:19:17 +0000</pubDate>
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				<category><![CDATA[Swiss Banking]]></category>
		<category><![CDATA[Swiss Banking Association]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[Union Bank of Switzerland]]></category>

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		<description><![CDATA[The importance of Switzerland as a banking centre came under scrutiny this week when Union Bank of Switzerland, the world&#8217;s biggest wealth manager, revealed that it had suffered large net outflows of money in the second quarter.
Once, wealthy types in London, New York and Monaco looking to manage their affairs discreetly turned to Swiss banks [...]]]></description>
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