Switzerland
Philipp Hildebrand to chair the Deputies of G10
Following a proposal by Giulio Tremonti, Italy's Finance Minister and current Chairman of the Group of Ten, Philipp Hildebrand, a member of the Swiss National Bank's Governing Board, was appointed Chairman of the Deputies of the Group of Ten on Monday 23…
SNB's Roth says price stability not in danger
The chairman of the Swiss National Bank, Jean-Pierre Roth, said on Wednesday 18 January that there are no signs that suggest price stability is in danger in the near term.
Jean-Pierre Roth to chair BIS Board
The Board of Directors of the Bank for International Settlements (BIS) on Monday 9 January elected as its new Chairman Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank.
OECD report says Swiss economy to underperform
The Swiss economy is poised to grow slower than expected this year because of lusterless productivity gains, meaning the Swiss central bank should not raise interest rates until a recovery has been established, the OECD said in a report published Friday…
Switzerland gives ECB a lesson on interest rates
According to this article published on 28 December, it's only four hours on the train from the ECB's Frankfurt headquarters down to Zurich - yet it provides a very different brand of central banking.
BIS's Knight on developing corporate bond markets
In the speech 'Sharing experiences in developing corporate bond markets' given on 17 November Malcolm Knight of the BIS argues that a robust financial system requires a diversity of financing channels, in which banks and fixed income markets compete in…
Knight on central banking: some secrets of success
In the speech 'Central banking: some 'secrets of success'' given on 1 December Malcolm Knight of the BIS said the media, markets and politicians place powerful demands on a modern central bank.
SNB governor visits Sweden's Riksbank
The Chairman of the Governing Board of the Swiss National Bank, Jean-Pierre Roth, was due to visit the Swedish Riksbank on 17 and 18 November.
SNB maintains policy of 'correcting' rates
Switzerland's central bank will stick to its goal of "correcting" the country's main interest rate to keep inflation from accelerating, Swiss National Bank President Jean-Pierre Roth said Wednesday 2 November.
BIS appoints Daniel Lefort as General Counsel
The Board of Directors of the Bank for International Settlements announced the appointment of Daniel Lefort as General Counsel on Tuesday.
BIS's Knight on global banking - paradigm shift
In the speech 'Global banking - paradigm shift' given on 5 October Malcolm Knight of the BIS said the three-pronged approach of Basel-II implementation represents a much more comprehensive method in the present-day complex banking situation.
SNB's Hildebrand says rate hikes may be needed
Swiss National Bank board member Philipp Hildebrand said it may be necessary to increase interest rates further if it becomes clear that a 'sustainable improvement of economic prospects' is occurring.
SNB says rates won't stay low for long
A recovery in the Swiss economy will probably take interest rates higher sooner rather later, according to a central bank board member in a newspaper interview published on Wednesday 17 August.
BIS's Knight on the year 2004-05 in review
In the speech 'Activities of the Bank: the year 2004-05 in review' given on 27 June, Malcolm Knight of the BIS said the legacy of 75 years of central bank cooperation is remarkably strong.
SNB's Roth on Switzerland: Small, but global
In the speech 'Switzerland: Small, but global' given on 10 June, Jean-Pierre Roth of the SNB said many fail to appreciate that this alpine republic is not merely a quaint little country for tourists, but a platform for global activity.
SNB's Hildebrand on financial markets
In the speech 'Do financial markets promote responsible behaviour?' given on 21 May, Philipp Hildebrand of the Swiss National Bank said there are times in history when the world economy undergoes fundamental structural change. With the rapid integration…
Surprising transparency on Swiss gold sales
This article looks at the recent speech by Philipp Hildebrand on the Swiss National Bank's gold sales. The speech represented "amazing after-the-event transparency" it says.
SNB's Roth at the AGM of shareholders
In a speech given on 29 April, Jean-Pierre Roth of the Swiss National Bank said 2004 was a relatively favourable year for the Swiss economy, but a few clouds have recently appeared on the horizon.
Hildebrand on lessons from the SNB's gold sales
In a speech on 'SNB gold sales - Lessons and experiences' given on 5 May, Philipp Hildebrand of the Swiss National Bank said the Swiss National Bank completed its gold selling program of 1300 tonnes on March 30, 2005. Before these sales, Switzerland's…
SNB's Hildebrand on the EU economic recovery
In a speech on 'The EU economic recovery: why is it so slow?' given on 21 April, Philipp Hildebrand of the Swiss National Bank said real GDP growth in the US has consistently outperformed growth in the European Union since the 80s. Besides cyclical and…
Swiss National Bank - Annual Report 2004
The Swiss National Bank has published its Annual Report for the year ended 2004. The SNB's financial results for 2004 registered a distributable profit of CHF 20.7 billion, as compared with CHF 2.3 billion a year earlier.
Switzerland's growth deficit: A real problem
A recent paper by Ulrich Kohli of the Swiss National Bank "Switzerland's growth deficit: A real problem - but only half as bad as it looks" says the anaemic growth performance of Switzerland over the past quarter of a century is a cause for concern.
SNB's Hildebrand on the hedge fund industry
In a speech on 'Developments in the Hedge Fund industry' given on 4 February, Philipp Hildebrand of the Swiss National Bank said hedge funds have been an important source of innovation in the asset management industry. They have rendered financial…
SNB's Tornare on technical aspect of new banknotes
In a speech on 'Technical aspects of a new banknote series' given on 2 February, Roland Tornare of the Swiss National Bank said the design of banknotes has to meet various requirements. The banknotes must guarantee a high degree of security and satisfy…