Political jostling has begun to replace the Federal Councillor Ueli Maurer who announced his resignation on Friday.
Maurer is a member of the Swiss People’s Party, which now has to select candidates to fill the vacant seat. The final decision will be by a parliamentary vote.
55-year-old Albert Rösti from Bern is the favourite - he’s a former party leader and popular with his colleagues. He speaks French, which seen as an advantage.
But others point out that the party have never had a woman on the Council.
Relative newcomer, 45-year-old Esther Friedli is being touted as a contender. She’s from Sankt Gallen and has impressed in her three years in parliament.
It’s likely the party will offer up 2 candidates for parliament to choose from – but there’s some speculation it could be three. The vote will be next month.
Financial authorities have fined the Geneva based Mirabaud Bank and confiscated some profits after it was determined they didn’t report suspicious money transfers which could be linked to laundering or tax evasion.