'The end of the banking secret' was yesterday's headline of 'le temps', the most serious newspaper of the french speaking part of Switzerland. I didn't read the paper, but I watched a debate on television. The main thing that changes is that Switzerland drops the distinction between tax evasion (not mentioning some of your money) and tax fraud (forging documents). Now both are illegal.

This article is weird, it quotes the times of london as its source and gets the capital of Switzerland wrong (it's Berne, not Zurich).