Switzerland should be more open about their banking practices so anyone wanting to move to the country does not end up confused or not sure what is going on and that way the citizens who are already there have a better understanding about what is going on in their country.
I don't think that Switzerland needs to be more open about its banking practices mainly because they are already seen as the best out there in billionaire banking. Why should they change something if it's not broken? They should continue the same practices that they have implemented in order to stay successful.
I personally think that Switzerland would not be opened about its banking practices because it would cause a lot of people to do fraud and try to get over more on banks. I personally think that Switzerland would not be opened about its banking practices because it would affect some people.
Switzerland is entitled to their own banking industry and its been operating well for hundreds of years - you'd imagine that at this point they know what they are doing. Switzerland and Swiss bankers are expert bankers and they have the right to operate the banks how they think so.
Switzerland has the right to have closed banking practices. In the United States they have different practices from other countries and having the freedom to have open or closed banking practices. If Switzerland opened up their banking practices then they wouldn't be able to be their own country. As a soverign nation they have the right to have closed banking practices.