Katharina Bart Profile picture
Jun 7, 2020 5 tweets 3 min read Read on X
This is a really smart piece of journalism about #Switzerland and #coronavirus - a must-read for anyone hoping to understand the delicate machinery in Bern that keeps Switzerland humming.
There are a lot of gems in here including about @UBS_CEO Sergio Ermotti as well as @CreditSuisse.
However, the big reveal here is that #Swiss #coronavirus point person Daniel Koch (the gangly bald guy featured in my #thuglife tweets several times) appears to have badly misjudged the situation as late as March.
Koch was unwilling to listen to warnings from Switzerland's leading epidemiologists, favoring field experience instead, according to the reporting.
Koch, now somewhat of a folk hero in terms of #Switzerland and #coronavirus, comes off very badly here (especially his denying having heard from one epidemiologist, who then provides copies of emails to Koch - awkward).

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Katharina Bart

Katharina Bart Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @KatharinaBart

Jan 7, 2021
Last April and then again in May, armed protesters entered #Michigan's capitol building.

The images – like this one from @Seth_Herald of Reuters – went around the world, of course.
Surely #Michigan would ban firearms in its legislature, right?

That absolutely didn't happen. @detroitnews noted last week #Michigan's failure to ban guns in capitol. Thanks for refusing despite having the authority, Gary Randall and @johntruscott...

eu.detroitnews.com/story/news/loc…
"Dem lawmakers called on the Michigan Capitol Commission, which is in charge of maintaining the Capitol grounds, to ban guns. That didn't happen. So they intro'd bills to implement the ban through the Legislature. Neither the House nor the Senate voted on any of the proposals."
Read 5 tweets
Jan 6, 2021
#Switzerland extends current #coronavirus restrictions by five weeks to February 28.

This is a list of those restrictions, put in place last month:



Government statement (in German):
admin.ch/gov/de/start/d…
Proposal must pass a mini-consultation with Swiss cantons – because federalism! – with final decision
expected on January 13.
The regional easing mechanism for cantons with low rates of infection is gonna be scotched, from Saturday. It will be federal or not at all from January 9 on – meaning everything will be closed everywhere.
Read 4 tweets
Oct 3, 2020
On-the-nose chronicle of why Tidjane Thiam left @CreditSuisse, as only an @nytimes can observe and tell. nyti.ms/30wvQKZ
Minor quibbles: his tenure wasn't short (four-plus years), and to say "His ouster attracted remarkably little notice outside Zurich" is inaccurate: the story dominated @WSJ and @FT financial services coverage for much of the five months between #spygate surfacing and TT leaving.
The piece is clearly told from TT's point of view and the @nytimes clearly had a lot of access to him and his family.
Read 8 tweets
Oct 3, 2020
This itvu (in German) with #Finma boss Mark Branson is an ideal complement to the media blitz by Daniel Thelesklaf recently:

Branson talks about suspicious activity reports in #Switzerland (#MoneyLaundering) surging to about 8,000 per year, from 1,000.

nzz.ch/wirtschaft/ban…
That's still low internationally (and remember Switzerland remains world's largest offshore haven), but Branson is arguing that notifications are high quality.

Whatever the quality, officials still can't keep up. We know this from the guy who oversaw it:

finews.com/news/english-n…
Branson also says that #1MDB is one of the most brazen and biggest graft cases the world has ever seen.

1MDB had art, jewelry, luxury property, Hollywood blockbuster, etc. but #PDVSA is not only much larger in scale, it also has far more tragic real-world impact on Venezuelans.
Read 5 tweets
Sep 11, 2020
This week, #Switzerland's powerful legal lobby quietly torpedoed changes to money laundering law aimed at getting off of an FATF watchlist. Next country exam looms 2022 (this piece, in German, impeccably parses the parliamentary process on AML).

nzz.ch/wirtschaft/gel…
Here's an explainer of where #Switzerland is on anti-money laundering law right now:

finews.com/news/english-n…
Here's the next reason it matters (there are many like this – but #PDVSA is the most acute and heart-wrenching right now):

finews.com/news/english-n…
Read 4 tweets
Sep 7, 2020
So, back in 2017 when banking conferences were still a thing, I was at the @handelsblatt autumn one in Frankfurt. They had the head of some Dutch bank which had done a lot with online retail in Germany through Diba.
The CEO was Ralph Hamers, who at that time was relatively unknown outside of certain circles (namely ING and digital/fintech as well among organizational gurus/agile).
.@finews_ch wrote about it at the time, obviously not knowing he would turn up in our midst three years later.

finews.ch/news/banken/28…

Reading it now, @HamersRalph has some quite radical ideas if you apply them to @UBS (a $2.6 trillion – yes trillion – wealth manager).
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(