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Volcker Commission
The Volcker Commission, also known as the Independent Committee of Eminent Persons (ICEP), 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.
==Background==
(詳細はHolocaust deposited large amounts of money and valuables in Swiss Banks.〔((ICEP 1999) p. 2 )〕 However, when survivors' or victims' heirs tried to recover their money following the war, many faced bureaucratic stonewalling by the banks which often seemed not to recognize the special conditions which had been experienced by Holocaust victims. A number of times after the end of World War II, Swiss banks came under criticism for their behaviour, particularly over the issue of the handling of dormant accounts, most of which were presumed to have belonged to victims of the Holocaust. During the next forty years, a number of rather feeble responses were undertaken. However, during the 1990s it became clear that there was a need for a more robust response to the criticism.〔pages: 127-128〕〔Jacques Picard in 〕
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