Swiss National Bank (SNB)
SNB to close Geneva office as cash distribution services are outsourced
Swiss National Bank says Geneva office will close next year as cash distribution services to be carried out by private firms; fifteen staff affected by closure
Economist nominated as new member of SNB Bank Council
Former New York Fed economist Cédric Tille set to join Swiss National Bank at the end of April
Dallas Fed paper on SNB crisis measures
Dallas Federal Reserve case study on success of Swiss National Bank liquidity provisions to foreign banks
SNB’s Jordan: Switzerland can overcome economic challenges
Swiss National Bank governing board vice-chairman Thomas Jordan says Switzerland can master challenges brought on from economic crisis
Swiss authorities ink deal on crisis collaboration
Swiss National Bank, finance ministry and regulator sign memorandum on supervisory cooperation
SNB expects $21.7 billion loss for 2010
Swiss National Bank says loss relates to foreign currency positions; says loss highlights need for independent central banks to have capital cushion
SNB rejects Irish debt as collateral
Swiss National Bank excludes Irish sovereign debt and that of some Irish banks from list of collateral eligible for open market operations
Fed extends temporary dollar swap lines
Dollar swap lines reopened with five central banks in May will remain in operation until August 2011, seven months past original date of expiry
SNB’s Danthine on T2S participation
Swiss National Bank governing board member Jean-Pierre Danthine discusses central bank’s thinking on Target2-Securities project
Another SNB council member to step down next April
Swiss National Bank’s Konrad Hummler to step down in April; move comes after Armin Jans tendered his resignation in November
SNB’s Hildebrand on Swiss exports market
Swiss National Bank governing board chairman Philipp Hildebrand says Switzerland’s export market is picking up despite stronger swiss franc
The StabFund: a look at the inner workings of a 'bad bank'
Marcel Zimmermann and Zoltan Szelyes explain how the Swiss National Bank managed to strengthen the country’s largest financial institution at the height of the crisis by creating a bad bank.
SNB records $8.7 billion loss on Swiss franc gains
Swiss National Bank reports loss of Sfr8.46 billion for first three quarters of the year after Swiss franc appreciated against major currencies
SNB: immigrants reduce seigniorage
Swiss National Bank study shows increase in immigration reduces seigniorage for banknotes
SNB: rich nation imports deskill developing economies
Swiss National Bank says trade with richer nation depresses relative wage of skilled workers in less developed countries
SNB council member to step down next April
Swiss National Bank’s Armin Jans to resign from Bank Council after 12 years in role
Swiss to make UBS and Credit Suisse pay for systemic status
Swiss commission proposal beefs up Basel III for Credit Suisse and UBS with 19% capital requirement and other measures to tackle 'too big to fail' problem
Weber, Blankfein praise Basel III leverage cap
Bundesbank president Axel Weber and Goldman Sachs chairman Lloyd Blankfein laud Basel III’s inclusion of leverage ratio, as opposition mounts
Swiss National Bank upbeat about recovery
Swiss National Bank revises 2010 growth forecast upwards after revival in manufacturing; says recovery likely to slow in 2011
Price stability must remain top priority: SNB’s Jordan
Swiss National Bank’s Thomas Jordan flags difficulties in using monetary policy to counter financial imbalances
Money market rate best policy target: BIS research
Bank for International Settlements research finds lower macroeconomic volatility where central banks use money market rather than repo rate as policy target
SNB: money market rates best target during recessions
Swiss National Bank study shows money market-based monetary policy procedures create greater stability
SNB on how a taste for the home grown impacts trade
Swiss National Bank research examines how preference associated with “home market effects” impacts the aggregate volume of trade and welfare gains from liberalisation
FX market going global: BIS
Bank for International Settlements’ triennial survey of foreign exchange markets shows decline in prevalence of local transactions, dollar and sterling