Switzerland

Switzerland is among top ten well governed countries in the index for public integrity, on behalf of the perfect balance across all its components, without leading in any either within the region or its income group. Its performance is all the more remarkable seeing that its public accountability framework is light, in particular on financial disclosures for officials and funding of parties. Its risks come from the export-driven nature of its economy, and its long term tradition of bank secrecy. It took some US pressure for Switzerland to open up bank secrecy, but some of its finest banks and companies have been embroiled in corruption scandals overseas. OECD considers that Switzerland could do more to enforce the international anti-bribery convention.