SNB’s Jordan rejects higher profit distribution
Current system takes into account market risk stemming from ever-larger balance sheet
The chairman of the Swiss National Bank, Thomas Jordan, has rejected claims that the central bank should distribute more of its profits to government.
Jordan said the agreed distribution struck an adequate balance between returning profits to the government and addressing risk stemming from the SNB’s large balance sheet.
A new profit-sharing agreement between the Federal Department of Finance (FDF) and the SNB establishes the central bank’s distributions to both the confederation and the
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