Swiss National Bank (SNB)
Central Banking Awards 2020: second group of winners unveiled
Prizes awarded for governor, reserve management, green initiative, asset manager and custody
Reserve manager of the year: Swiss National Bank
New trading capabilities have helped the pioneer of reserves diversification and risk management to better manage liquidity as its portfolio has risen to $825 billion
SNB reduces risk exposure in fixed-income investments in Q4
Foreign currency investments decline by over 10 billion francs in December
Cœuré and Cunliffe to lead research group on CBDCs
Six central banks and the BIS will explore use cases and share knowledge
SNB expects $50 billion profit in 2019
Rising gold prices and foreign currency assets boosted profits, Swiss National Bank says
Benoît Coeuré to head BIS innovation hub unit
Senior ECB official is highly regarded for work on payments and has warned of need for change
Swiss governor rules out SNB transfers to pension funds
Negative rates are hurting sector but pension reform is solution, Jordan says
BIS and SNB co-operate on technology research hub
Swiss centre will investigate how to use digital central bank money on DLT infrastructure
SNB holds despite recent ECB and Fed easing measures
Swiss central bank increases threshold on banks’ deposits exempt from negative rates
30 years of central banking
Central banks face credibility tests on a number of fronts
RBA open to unconventional policy measures – deputy governor Debelle
Quantitative easing may be on the cards if central bank cuts rates to 0.5%
Central banks face loss of independence – Central Banking survey
A new survey of Central Banking’s Editorial Advisory Board points to central banks facing existential challenges with little change in their frameworks or toolkits
Switzerland should tighten macropudential policies – IMF directors
Authorities should strengthen financial regulator and address real estate risks, IMF chiefs say
SNB replaces Libor with new reference rate
The future of Libor is “not guaranteed” and underlying volume is “dwindling”, says Thomas Jordan
IMF’s Adrian says central banks should disclose climate risk exposure
Data gaps make it harder for central banks to set appropriate climate stress tests, he says
Draghi expresses concern over Fed independence
ECB governor says he is “especially” worried by events in US
Walking the talk – engaging with indigenous communities
Mike Hannah says engaging with disadvantaged communities is increasingly recognised as important for a central bank’s work
Swiss National Bank sharply lowers inflation expectations
Central bank may have reached limits of monetary policy, observer argues
A dual-currency system would make negative rates work – IMF research
Proposal would free monetary policy from lower zero bound when dealing with a recession
Rise of renminbi prompts central banks to open Asian offices
A total of nine central banks now have offices in Asia, but New York remains city of choice
Switzerland grants fintech firms access to interbank payment system
Federal government modified ordinance to create new licensing category on January 1
Fragility of forex market stays SNB’s hand
Central bank maintains Libor rate target and negative policy rate
Too soon for SNB to increase rates, board member says
Inflation is low and currency is strong despite economic growth, Maechler says
Crypto bank targets 2019 launch
Switzerland’s Seba Crypto sets its sights on banking licence with “technology-neutral” regulator