At the request of the Bank Council of Basler Kantonalbank, the Governing Council of Basel-City Canton has resolved to change the auditor. The change was effected with the consent of the Swiss Federal Banking Commission (EBK). As of 1-1-2007, Ernst & Young AG, Zurich, is serving as auditor in accordance with the Bank and Stock Exchange Law for the parent bank and the Basler Kantonalbank Group.
The auditing firm Ernst & Young AG meets the requirements of the Bank and Stock Exchange Law and is licensed by the Swiss Federal Banking Commission (EBK) for auditing of banking institutions. It determines in close cooperation with the internal auditors whether the accounting records, the annual statements, and the proposal for the appropriation of balance sheet profits comply with Swiss laws and regulatory requirements.