Switzerland
BIS: forex volumes rise to $6.6 trillion as London trading soars
While the UK capital reinforces its prominence in forex markets, trading in Asian currencies heats up
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
BIS to set up three fintech innovation hubs
New hubs will be set up in Hong Kong, Singapore and Basel
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
Can central bankers turn finance green?
The Network for Greening the Financial System aims to bring about fundamental change. The central bankers who created it made a strong start but face serious challenges.
Eurozone needs central stabilisation fund to secure fiscal stability – ECB research
Unlike other monetary unions, the region’s federal budget plays a very limited role
Draghi expresses concern over Fed independence
ECB governor says he is “especially” worried by events in US
Swiss National Bank sharply lowers inflation expectations
Central bank may have reached limits of monetary policy, observer argues
Switzerland grants fintech firms access to interbank payment system
Federal government modified ordinance to create new licensing category on January 1
Ukrainian central bank sues oligarch in Swiss courts for $200 million
NBU demands money from former bank owner it has accused of massive fraud
Fragility of forex market stays SNB’s hand
Central bank maintains Libor rate target and negative policy rate
People: Former Malawian governor dies
Mathews Chikaonda served as governor in the 1990s; new senior appointments made at the BIS; and more
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
SNB maintains ultra-loose policy despite stronger growth
Central bank is once again grappling with the effects of safe-haven flows into the franc
Swiss banks are more resilient now than before crisis – Zurbrügg
‘Too-big-to-fail’ especially relevant for Swiss economy due to strong role of few major banks
Shock end to euro floor avoided ‘enormous’ speculative attack, says SNB’s Jordan
Swiss central bank chairman believes sudden removal of forex controls was least bad policy option and limited reputational damage
SNB profits reach 5.1 billion francs in first half of 2018
Foreign currency positions helped push the Swiss central bank back into profit
SNB chairman dismisses calls for revised inflation targets
Jordan says raising targets would 'harm credibility' built up over decades; sees room for more negative rates
Switzerland’s Jordan on extraordinary monetary policy and sovereign money
The Swiss National Bank governor speaks about currency intervention, negative rates, sovereign money and the diversification of reserves
People: Palestine Monetary Authority appoints new deputy governor
New members appointed to Finnish and Swiss boards
Swiss central bank keeps policy rates negative
SNB says it will intervene in foreign exchange markets “as necessary”
SNB should clearly assign policy tools, IMF report says
SNB can avoid impression of exchange-rate targeting through better communication, says IMF