Swiss National Bank (SNB)
Major central banks take co-ordinated action
Central banks reduce US overnight index swap rate from 100 basis points to 50 basis points above market rate to flood financial system with dollar liquidity
Central banks at risk of losing independence: SNB’s Jordan
Swiss National Bank vice-chairman Thomas Jordan says contribution to quasi-fiscal policy measures can lead to gradual loss of independence
SNB’s Hildebrand ready to intervene in Swiss franc market
Swiss National Bank chairman Philipp Hildebrand says central bank is prepared to weaken “highly valued” currency further if deflationary risks materialise
SNB returns to profit with $19 billion gain
Swiss National Bank reports large profit for first three quarters of 2011 due to valuation gains in gold holdings and decline in foreign currency losses
SNB considers ceasing shareholder dividend payments
Swiss National Bank vice-chairman says central bank may stop paying dividends to its shareholders in order to rebuild its depleted capital base
Could the Swiss start a trend?
Robert Pringle discusses the Swiss National Bank's action to limit the exchange rate between the franc and the euro, and asks if others should, and will, follow
SNB faces battle to maintain franc currency floor
Swiss National Bank pledges to set minimum euro exchange rate at Sfr1.20; analysts express concern over central bank’s ability to maintain exchange rate floor
SNB paper identifies creative destruction effect in competitive markets
Swiss National Bank study expands on Schumpeterian growth models to highlight pro-competitive effects of technology from new entrants
Options traders braced for further SNB intervention
Demand has switched from downside EUR/CHF options to upside options in anticipation of further Swiss franc weakening measures from SNB, say senior options traders
Swiss franc rallies as SNB shows no sign of euro peg
Swiss National Bank intensifies battle against strong Swiss franc by injecting further liquidity into markets; pass on euro-peg moves currency 1% higher
Swiss franc falls on euro peg talk
Swiss franc loses 6.7% against the euro and 6.1% against the dollar as markets digest comments by Swiss National Bank vice chairman Thomas Jordan
Switzerland takes further action to weaken the franc
Swiss National Bank acts again to try and stem appreciation; says it remains poised to take further measures
SNB devaluation attempt flounders as Swiss franc rebounds
Swiss franc claws back earlier losses after central bank intervenes to curb rise in currency
Swiss franc declines as SNB eases policy rate
Swiss National Bank moves to stem strengthening of the Swiss franc by easing monetary policy; franc falls 1.97% against the euro following decision
Swiss National Bank posts large loss due to surge in currency
SNB records Sfr10.8 billion ($13.7 billion) loss for the first half of 2011; blames strong appreciation of Swiss franc
SNB’s Hildebrand identifies risks to central bank independence
Swiss National Bank chairman Philipp Hildebrand says central bank independence is crucial, but has its pitfalls
Switzerland votes for tougher capital rules on big banks
Swiss upper chamber backs bill to raise capital requirements of largest banks to 19%; Swiss National Bank vice-chairman Thomas Jordan says potential losses must be fully absorbed
Finland to close two cash distribution offices
Bank of Finland says it will shut its Tampere and Kuopio offices as cash distribution services are outsourced to private sector
Central bank capital levels: do they matter and what can be done?
The crisis has undoubtedly intensified the debate on negative capital. Martina Horáková investigates
CoCos will realign incentives of too-big-to-fail: SNB's Danthine
Swiss National Bank governing board member Jean-Pierre Danthine says measures requiring firms to hold contingent convertible capital will reduce moral hazard associated with too-big-to-fail
Negative impacts of too-big-to-fail regulation “unfounded”: SNB’s Jordan
Swiss National Bank vice-chairman Thomas Jordan says Swiss economy will not be adversely affected by too-big-to-fail regulation
SNB’s Hildebrand unconvinced on need for global safety net
Swiss National Bank chairman cites three reasons why global mechanism for liquidity provision may not be necessary
SNB turns profit in first quarter following steep loss in 2010
First quarter profits likely to come as relief after criticism that greeted $20.7 billion loss in 2010
SNB bans Tepco debt as collateral
Swiss National Bank places Tepco debt on its list of collateral excluded from use in open market operations