Switzerland

SNB's Roth on Switzerland: An Island in Euroland?

In a speech on 'Switzerland: An Island in Euroland?' given on 21 May, Jean-Pierre Roth of the Swiss National Bank said the introduction of the euro constituted a real revolution for Europe and represented arguably the major postwar stage in European…

SNB's Hildebrand: Inside Europe, outside EMU

In the speech 'Inside Europe, outside EMU - Lessons and Outlook' given on 23 April, Philipp Hildebrand of the Swiss National Bank said a lesson that can be drawn from the UK experience is that it would be wrong for Switzerland to advocate an EMU…

Swiss National Bank - Annual Report 2003

The Swiss National Bank has published its Annual Report for the year ended 2003. After two years characterised by economic problems and geopolitical tension, the situation for the world economy improved in 2003. The US economy, which was steadily…

SNB: Swiss franc not hindering recovery

Current Swiss franc exchange rates are not hindering the country's economic rebound, and while market intervention remains an option, it is not an issue at the moment, Swiss National Bank (SNB) directorate member Philipp Hildebrand said in an interview…

Roth on the Swiss economy and monetary policy

Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank discussed economic activity and monetary policy in his introductory remarks at the end-of-year media news conference held in Zurich.

2002 statistics for CPSS countries payment systems

This annual BIS publication provides data on payments and payment systems in the CPSS countries: Belgium, Canada, France, Germany, Hong Kong SAR, Italy, Japan, Netherlands, Singapore, Sweden, Switzerland, United Kingdom and the United States.

Switzerland's Hildebrand on global economy

In a speech on 'Monetary Policy in a Global Context' given on 8 October, Philipp Hildebrand of the Swiss National Bank said the economic and monetary policy outlook for the United States and Switzerland at this moment is centred around the hope for a…

Switzerland's monetary policy unchanged

The Swiss National Bank has left interest rates unchanged as it aims to keep the strong Swiss franc in check. The bank said in a statement reported by AFP that the signs of an economic recovery in Switzerland were growing.

BIS Quarterly Review - Dec 2003

The latest quarterly offering from the BIS includes updates on the world economy, international banking, debt and derivative markets as well as special features on the credit spread puzzle; common factors in emerging market spreads; sovereign credit…

SNB's Roth urges swift economic reforms

Swiss National Bank chief Jean-Pierre Roth has called on politicians to solve Switzerland's economic problems and promote growth. He said the only thing the central bank could do to support recovery was to use monetary policy to encourage growth while…

Swiss National Bank calls for deregulated economy

In his debut speech, reported by the Financial Times, the Swiss National Bank's board member for financial markets, Philipp Hildebrand, called for broad deregulation of the domestic economy to tackle unemployment and protect the country's long-term…

Swiss Nat Bank to sell 284 tonnes gold by Sep 2004

The Swiss National Bank said on Friday 26 September that it plans to sell 284 tonnes of gold from excess reserves by the end of September 2004 and aims to offload another 130 tonnes in 2005, according to a report by Reuters.

SNB's Roth urges finance reputation clean up

Speaking at the weekend Swiss National Bank president Jean-Pierre Roth told a conference the Swiss financial community needs to act to inspire more confidence and clamp down on money-laundering and "energetically reject" the idea that Switzerland is only…

BIS increases transparency

Something which has largely escaped people's notice amid the flurry of recent changes at the BIS is that it has now declared the salaries of its senior management. This is consistent with its more general drive for greater transparency, since, as the new…

A twenty-first century BIS

73 years on and the world's oldest international financial organisationwith it, the BIS is alive and well. As usual, a swarm of central bankgovernors great and small descended on Basel last weekend to participate inthe BIS annual meetings.

Iraq shadow over the BIS?

Some European central bankers are said to be unhappy with the recent appointment of Roger Ferguson as head of the Financial Stability Forum. It is not that Ferguson is thought to lack qualifications for the job - quite the contrary, there is much respect…

Basel bunkum

No one understands the new Basel accord. Grown men are reduced to tears when they try. There are simply too many details for any one person to digest. But it is troubling indeed to learn that people don't even seem to understand how it was arrived at in…

Swiss National Bank reports fall in income

Swiss National Bank Financial Statements and Annual Report 2002. The SNB reported a fall in aggregate income during 2002; however this was partially offset from receipts of Sfr 1.53 billion from gold transactions and the revaluation of gold holdings.

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