Volcker Commission
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Volcker Commission, also known as the Independent Committee of Eminent Persons, was established in 1996 to investigate the accounts lying dormant since the Second World War in various banks in Switzerland. The committee was headed by former United States Chairman of the Federal Reserve Paul Volcker and was composed of three representatives from the Swiss Bankers Association and three appointed by Jewish organizations. Due to Switzerland''s unique status as a neutr...
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Volcker Commission, also known as the Independent Committee of Eminent Persons, was established in 1996 to investigate the accounts lying dormant since the Second World War in various banks in Switzerland. The committee was headed by former United States Chairman of the Federal Reserve Paul Volcker and was composed of three representatives from the Swiss Bankers Association and three appointed by Jewish organizations. Due to Switzerland''s unique status as a neutral country, many Jews fleeing the Holocaust deposited large amounts of money and valuables in Swiss Banks. However, when those victims or their families tried to recover their money following the war, many were denied by the banks for various reasons. Victims experienced stonewalling, while survivors were asked for death certificates, something impossible to retrieve for a victim of the concentration camps.
