Hildebrand on managing the SNB's assets

In a speech on 'Developments in the international financial markets and managing the Swiss National Bank's assets' given on 16 December, Philipp Hildebrand of the Swiss National Bank said the SNB's leeway for investment has extended considerably since the entry into force of the new National Bank Act in May 2004. Risk diversification options in particular were also increased as a result.

"The portfolio adjustments made under the new Act aim to increase diversification in terms of currency and

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