Switzerland
Book notes: Shades of sovereignty, by Paul Wilson
An essential and stimulating read for central bankers thinking about the monetary history of their state in relation to its historical perspective and broad international trends
People: Arce to lead ECB economics directorate
SNB deputy to retire; Vanuatu names new deputy; Glenn Stevens to chair Macquarie; and more
Project Jura executes ‘real-life’ cross-border CBDC settlement
“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré
Has the SNB accepted a stronger franc?
Swiss central bank reduces FX interventions as currency breaks 1.05 ceiling against the euro
People: US Senate confirms CFPB head
Israel adds new member to MPC; Swiss deputy governor will undergo heart surgery
People: SNB board appoints new member
Former Bank of Jamaica senior official appointed to lead financial services commission; Riksbank appoints acting head of corporate services; and more
Swiss government sets parameters for climate reporting
Guidelines intended to bind large Swiss companies from the 2023 financial year
Book notes: The pay off, by Gottfried Leibbrandt and Natasha de Terán
A timely introduction to and accessible survey of payment system developments
New Bafin president takes up role
Ex-Finma head pledges to make heavily criticised German financial regulator “world class”
SNB reserves hit Sfr1 trillion
Equity holdings now account for 23% of the portfolio
Swiss central bank and stock exchange to launch new network
Communications system based on Scion technology aims to increase cyber security
Pandemic changes could help women advance in central banks
Remote working gives staff flexibility not offered by existing arrangements, say senior policy-makers
BIS prepares to redevelop HQ
Bank’s biggest building project since the 1970s could see major expansion of main site
BIS and French and Swiss central banks announce joint CBDC project
Project Jura will link national CBDC initiatives in bid to facilitate cross-border payment
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief voices concerns about the timing of stablecoin and CBDC roll-outs, fintech risks for supervisors and monetary policy, and details development plans for eight innovation locations
Diem shifts focus to US dollar stablecoins
Move away from Switzerland sees former Libra Association distance itself from original multi-currency plans
SNB’s Jordan rejects higher profit distribution
Current system takes into account market risk stemming from ever-larger balance sheet
Central Banking Awards 2021: second group of winners announced
Lifetime achievement award unveiled, plus awards for transparency, advisory, global markets and more
Collateral management services: Calypso Technology
The US-headquartered tech company has helped to develop the “new backbone” of the Swiss financial market, offering flexibility, standardisation and automation to the Swiss collateral management process
SNB profit drops by nearly 60%
Swiss central bank records much smaller profits on foreign currency positions
SNB should adopt higher inflation target, report says
Senior economists recommend the Swiss National Bank reviews its policy strategy
Swiss authorities confirm investigation of Lebanon’s central bank
Attorney-general’s office confirms probe into alleged “money laundering and embezzlement” at CBL
SNB expects $23.5 billion profit in 2020
Profits on foreign currency positions account for $14.6 billion
SNB still ready to depreciate franc despite US condemnation
Swiss central bank stands firm after US Treasury labelled Switzerland a currency manipulator