SNB officials fend off latest ideas for reform
Officials fear meddling could prove damaging to the Swiss economy
Swiss National Bank (SNB) officials hit out today (April 29) at a fresh set of proposals that could see sweeping changes to its mandate and operations.
Options on the table include expanding the SNB's mandate, enlarging its board, using part of its reserves to create a sovereign wealth fund, and creating a system of "sovereign money" – this last proposal now set to go to a referendum.
Switzerland's system of holding a referendum if a petition gathers over 100,000 votes in 18 months gives people
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