Switzerland
Blattner on the euro and what it means for the SNB
SPEECH - In the speech 'The Euro: Implications for Switzerland and for the Monetary Policy of the Swiss National Bank' made on 22 October, Niklaus Blattner of the Swiss National Bank said Switzerland's experience of the euro has, so far, been mainly…
Management and Supervision, Cross-Border E Banking
RESEARCH - Basel Committee Publications No. 93, October 2002. The purpose of this paper prepared by the Electronic Banking Group (EBG) of the Basel Committee on Banking Supervision is to further the Committee's dialogue with the banking industry and…
Banks must improve for new Sept 11-Swiss Nat Bank
SWITZERLAND - Financial institutions must take possibly costly steps to improve the global banking system's ability to handle another event like the September 11 attacks on the United States, a top central banker said on Monday.
Swiss central bank to sell 283T of gold
SWITZERLAND - The Swiss National Bank (SNB) plans to sell a further 283 tons of gold by the end of September 2003 under its plan to dispose of 1 300 tons of unneeded reserves, the central bank said on Thursday.
Report claims the euro may cause skin allergy
SWITZERLAND - Euro coins give some people a skin rash and a group of Swiss scientists have just released their research findings as to why this happens.
Committee aid search for new BIS General Manager
PRESS RELEASE - The Board of Governors of the Bank for International Settlements (BIS) has named a committee to assist in seeking a replacement for departing General Manager Andrew Crockett. Mr Crockett has announced his intention to step down at the end…
BIS starts search for Crockett successor
SWITZERLAND - The Bank for International Settlements has started to look in earnest for a new general manager with a committee of senior central bankers outlining the criteria for a successor to Andrew Crockett, a contender to take over the reins at the…
BIS-Central bankers see economy picking up in 2003
SWITZERLAND - Top central bankers expect the world economy to pick up speed next year after turmoil in financial markets has weighed on growth prospects this year, Bank of England Governor Sir Edward George said on Monday.
Market functioning and central bank policy
RESEARCH - BIS Papers No. 12, August 2002. The papers in this volume were presented and discussed at the Autumn Central Bank Economists' Meeting held at the BIS on 15-16 October 2001. The meeting focused on recent changes in market functioning and their…
BIS promotes solid bank audits in wake of scandals
SWITZERLAND - Accounting scandals that have plagued the U.S. corporate scene have highlighted the need for banks to have rigorous internal audit functions, the Bank of International Settlements (BIS) said on Wednesday in a report.
Basle accord set to change banking landscape
SWITZERLAND - The small Swiss town of Basle will this week play host to what could go down in financial history as a momentous event: agreement in principle on new banking regulations.
Andrew Crockett to leave the BIS
SWITZERLAND - Andrew Crockett today announced that he would be stepping down as general manager of the Bank for International Settlements in March 2003. He delayed the announcement of his departure until the annual general meeting of the BIS in Basle in…
An analysis of the BIS annual report
SWITZERLAND - The Bank for International Settlement's annual report, released today at the bank's annual general meeting in Basle, worked hard to put an optimistic interpretation on global economic prospects. However, amid the positive notes the report…
Swiss National Bank - Annual Report 2001
ANNUAL REPORT - The Swiss National Bank has issued its annual report for 2001.
Swiss fight for banking secrecy
SWITZERLAND - Swiss officials are digging in to defend secrecy laws synonymous with the country's huge banking industry before talks with the European Union expected in June.
OECD ponders action against tax havens
SWITZERLAND - Switzerland and Luxembourg could face financial sanctions if they continue to refuse to commit themselves to an international initiative against harmful tax practices.
Speech by Jean-Pierre Roth, Swiss Nat Bank, 26 Feb
SPEECH - Roth said in his speech that an independent Swiss franc is an important asset for Switzerland's financial sector. "Neither in the U.K., nor in Switzerland, is European monetary integration considered to be a necessary or a sufficient condition…
Speech by Ulrich Kohli, Swiss Nat Bank, 26 Feb
SPEECH - Kohli concludes in a speech titled 'Will the Euro Make the Swiss Franc Obsolete?' that as long as the SNB maintains an independent course of action, it will uphold the reputation of the Swiss franc as a safe and sound currency, and it will…
Basel Committee Publications No. 89
REPORT - Sharing of financial records between jurisdictions in connection with the fight against terrorist financing, April 2002.
SNB sell 4.1 metric tons of gold in latest 10 days
SWITZERLAND - The Swiss National Bank sold 4.1 metric tons of gold in the latest 10-day reporting period ended March 28, the central bank's regular statistical report showed Tuesday.
Swiss nat bank sells 9.4 tons of gold to 20 March
SWITZERLAND - The Swiss National Bank sold around 9.4 metric tons of gold in its latest 10-day reporting period ended 20 March, the central bank's regular statistics report showed Thursday.
How long will Swiss SNB lay golden eggs?
FEATURE - The Swiss National Bank has decided to lay golden eggs for a while, but will the goose have the guts to say "no" once the party's over?
BIS-Central bankers see world economy improving
SWITZERLAND - Top central bankers see the world economy's prospects more positive than they did two months ago and expect key interest rates to rise only once a more broad-based recovery has been firmly established, Bank of England Governor Sir Edward…
Swiss SNB sold 9.82 tons of gold in past 10 days
SWITZERLAND - The Swiss National Bank sold around 9.82 metric tons of gold in the 10-day reporting period ended Wednesday, the central bank's regular statistics report showed Thursday.