The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (Finma) on Friday agreed to a souped-up version of a Memorandum of Understanding (MoU) initially agreed in 2007.
The new memorandum sets up a steering committee responsible for strategic co-operation between the two institutions. The group will comprise senior members of the SNB and Finma, including Phillip Hildebrand, the chairman of the central bank's governing board; Thomas Jordan, the vice-chairman; and fellow
- Central bank digital currency a ‘terrible idea’, US Congress told
- Trump criticises Fed over rate rises and threatens higher tariffs
- People: Olli Rehn enters office as Bank of Finland governor
- Podcast: David Vines on how to reform the DSGE model
- Implementation of new Sofr rate is “ahead of schedule”, says Fed vice-chair