Switzerland
Swiss SNB gold sales total 5.4 tons in 10 days
The Swiss National Bank said on Feb 20 its gold reserves fell by CHF77.6 million to CHF34.33 billion in the 10-day reporting period to Feb. 20, 2001.
CPSS revises glossary of payment system terms
A revised version of the CPSS / BIS publication "A glossary of terms used in payment and settlement systems" is now available for download on the BIS website.
'Suing the BIS'- by William Hall
William Hall of the Financial Times reports on the difficulties the Bank for International Settlements has got into as it struggles to counter the accusation that the price it has offered to buy back its shares from the private sector is "absurdly low".
BIS urges vigilance on asset bubbles
It's time for central bankers to get tough on bubbles, according to a top official at the Bank for International Settlements. Overly high stock and property prices should prompt central bankers to take interest rate action in the same way rising wage…
No Swiss monetary change needed now - Gehrig
Swiss National Bank Vice Chairman Bruno Gehrig was quoted in a newspaper interview on Feb. 6, 2000 as saying he saw no need to change Swiss monetary policy at this stage despite an economic slowdown. "The signs that growth is slowing are apparent and…
Trichet backs disputed BIS share buyback plan
Bank of France governor Jean-Claude Trichet said on Wednesday that he believed a disputed plan by the Bank for International Settlements to buy out private shareholders was fair.
Threat to bankers over BIS offer
Twelve central bankers have been threatened with legal action by a Paris-based shareholders' group unless they vote against terms offered by the Bank for International Settlements to buy back the 13.73% of its shares in private hands.
SNB must guard against currency appreciation-OECD
The monetary policy of the Swiss National Bank is currently appropriate for domestic economic conditions, but the SNB must monitor the effect of European Central Bank rate policy on exchange rates and guard against too sharp a rise in the Swiss franc…
BIS says US gold scheme suit 'without merit'
The Swiss-based Bank for International Settlements rejected as baseless on Tuesday a US lawsuit alleging the BIS conspired with central banks and major international investment houses to keep the price of gold low.
Swiss franc ends off lows after SNB holds fire
The Swiss franc ended off lows against the dollar after the Swiss National Bank left interest rates unchanged, as expected, and said it detected no major inflationary pressure on the horizon.
SNB to publish studies to explain forecasts
Swiss National Bank chairman Hans Meyer said on Friday the bank intended to publish several studies in the near future which would explain its forecasting activities in some detail.
Credit Suisse face Abacha money laundering probe
Switzerland's banking regulator said Wednesday that it filed a formal complaint against Credit Suisse Group over its acceptance of millions of dollars linked to the late Nigerian dictator General Sani Abacha.
SNB names Martin Hiller as new director
Swiss National Bank has appointed Martin Hiller, born in 1953, as a director and head of the personnel department with effect from 1 March 2001. The central bank also appointed Dr Hans Kuhn, a lawyer born in 1961, to be head of the legal service as of…
SNB sees gold as good diversification tool
The Swiss National Bank still sees gold as a good tool to diversify its reserves even though the central bank is gradually selling off half its original holdings of the metal, SNB Chairman Hans Meyer said.
Roth to be new chairman of SNB
Jean-Pierre Roth was chosen to be the next chairman of the Swiss National Bank when Hans Meyer steps down at the end of the year. But the decision was not without controversy. In an unprecendented move, the Swiss finance minister overruled the SNB's…
Speech by Jean-pierre Roth of the Swiss Nat Bank
SPEECH - Speech by Jean-Pierre Roth, Vice-Chairman of the Governing Board of the Swiss National Bank at the 22nd Annual FT World Gold Conference in London, 14 June 1999. Mr Roth discusses demonitisation of gold in Switzerland.