The Swiss National Bank (SNB) has a current portfolio of 12% of its almost Sfr500 billion ($527 billion) reserves invested in global equities, a level that is far higher than is optimal to meet its stated diversification aims, according to Fritz Zurbrügg, a member of the SNB's governing board. Zurbrügg added that managing the Swiss central bank's rapidly swelling reserves is "a major challenge".
The Swiss central bank was viewed as a pioneer among Western central banks when it decided in 2004 to
- BoE research says digital currency would ‘strengthen’ policy transmission
- Turkish central bank carries out emergency rate hike as currency falls
- US House passes deregulation bill with bipartisan support
- Is this the beginning of a new era of credit risk management technology?
- Brazil’s central bank launches fintech laboratory