Switzerland
Swiss central bank and stock exchange to launch new network
Communications system based on Scion technology aims to increase cyber security
Pandemic changes could help women advance in central banks
Remote working gives staff flexibility not offered by existing arrangements, say senior policy-makers
BIS prepares to redevelop HQ
Bank’s biggest building project since the 1970s could see major expansion of main site
BIS and French and Swiss central banks announce joint CBDC project
Project Jura will link national CBDC initiatives in bid to facilitate cross-border payment
Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation
BIS Innovation Hub chief voices concerns about the timing of stablecoin and CBDC roll-outs, fintech risks for supervisors and monetary policy, and details development plans for eight innovation locations
Diem shifts focus to US dollar stablecoins
Move away from Switzerland sees former Libra Association distance itself from original multi-currency plans
SNB’s Jordan rejects higher profit distribution
Current system takes into account market risk stemming from ever-larger balance sheet
Central Banking Awards 2021: second group of winners announced
Lifetime achievement award unveiled, plus awards for transparency, advisory, global markets and more
Collateral management services: Calypso Technology
The US-headquartered tech company has helped to develop the “new backbone” of the Swiss financial market, offering flexibility, standardisation and automation to the Swiss collateral management process
SNB profit drops by nearly 60%
Swiss central bank records much smaller profits on foreign currency positions
SNB should adopt higher inflation target, report says
Senior economists recommend the Swiss National Bank reviews its policy strategy
Swiss authorities confirm investigation of Lebanon’s central bank
Attorney-general’s office confirms probe into alleged “money laundering and embezzlement” at CBL
SNB expects $23.5 billion profit in 2020
Profits on foreign currency positions account for $14.6 billion
SNB still ready to depreciate franc despite US condemnation
Swiss central bank stands firm after US Treasury labelled Switzerland a currency manipulator
US brands Switzerland a ‘currency manipulator’
Treasury also accuses Vietnam of manipulating exchange rate to gain “unfair competitive advantage”
Project Helvetia proves central banks can use tokenised assets – BIS
Benoît Cœuré says project marks “the beginning of the further evolution of central banking”
SNB’s Maechler: innovation hub in race to catch up with fast-paced markets
Swiss hub is laying foundations for a fast market-monitoring platform
Swiss National Bank opposes ban on ‘war material’ assets
Central bank says referendum motion is ill-defined and would hurt reserves management
SNB head to face council over sexism allegations – media reports
Lawmakers demand answers on treatment of women after report alleges sexist culture at SNB
SNB’s Jordan defends currency interventions
Switzerland had “difficult starting position” from which to tackle the Covid-19 shock, chairman says; negative rates have worked, he argues
Contactless cards change young people’s payment habits - OeNB paper
Researchers use data on randomly selected 21,000 banking customers in Switzerland
People: Hungarian deputy unexpectedly resigns
Marton Nagy resignation raises questions on future policy; BIS picks new CPMI secretariat head
Carstens, Jordan, Weber: respect the boundaries of fiscal and monetary policy
Axel Weber says huge US deficit could pose problems for global financial stability
People: World Bank appoints new vice-president for integrity
BIS appoints new deputy head of banking, and Bank of Finland recruits sustainability specialist