Category Archive: 1) SNB and CHF

Weekly SNB Sight Deposits and Speculative Positions: SNB buying euros at high prices

Update September 14, 2020: SNB buying euros at high prices. Sight Deposits have risen by +1.2 bn CHF, this means that the SNB is intervening and buying Euros and Dollars: The change is +1.2 bn. compared to last week.

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Versicherungsmarkt Schweiz: deutlich höhere Ergebnisse

Die aggregierten Daten über den Schweizer Versicherungsmarkt zeigen eine deutliche Steigerung der Ergebnisse 2019. Diese fallen pro Teilbranchen zwar unterschiedlich aus, sind aber hauptsächlich auf die Ergebnisse am Kapitalmarkt zurückzuführen.

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Credit Suisse “Beschattungsaffäre”: FINMA eröffnet Enforcementverfahren

Die Eidgenössische Finanzmarktaufsicht FINMA hat im Kontext der "Beschattungsaffäre" ein Enforcementverfahren gegen die Credit Suisse eingeleitet.

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U.S. dollar liquidity-providing operations from 1 September 2020

In view of continuing improvements in U.S. dollar funding conditions and the low demand at recent 7-day maturity U.S. dollar liquidity-providing operations, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank, in consultation with the Federal Reserve, have jointly decided to further reduce the frequency of their 7-day operations from three times per week to once per week.

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As Markets Crashed, The Swiss National Bank Went On A Tech Stock Buying Spree

It used to be a running joke among traders that when markets crash, central banks step in - either directly or in the case of the Fed indirectly via Citadel - and buy stocks to prop up the market and shore up confidence. That joke is now the truth.

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Fed and ECB Money Printing Helps SNB Back into Positive Territory

Fed and ECB money printing and massive fiscal stimulus help the SNB to come back into positive territory for the year. The renewed asset price inflation compensate for losses on the US dollar.

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“Unabhängigkeit der Nationalbank (Independence of the SNB),” FuW, 2020

Von verschiedenen Seiten werden Ansprüche an den Gewinn der Nationalbank gestellt. Es sollte in der Kompetenz der SNB liegen, zu entscheiden, welchen Teil ihrer Bilanz sie nicht zur Erfüllung ihrer Aufgaben benötigt.

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“Monetäre Staatsfinanzierung mit Folgen (Monetary Financing of Government),” Die Volkswirtschaft, 2020

Die Volkswirtschaft, 24 July 2020. PDF. Clarifying the connections between outright monetary financing, QE, the distribution of seignorage profits, the relationship between fiscal and monetary policy, and central bank independence.

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2020 IMF Michel Camdessus Central Banking Lecture with Thomas Jordan, 14.07.2020

Referat Thomas Jordan - Conférence de Thomas Jordan - Speech by Thomas Jordan - Discorso di Thomas Jordan, "Small country - big challenges: Switzerland's monetary policy response to the coronavirus pandemic", 2020 IMF Michel Camdessus Central Banking Lecture, 14.07.2020 00:00 Introductory remarks by Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department, IMF 01:35 Introductory remarks by...

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Mediengespräch – Conférence de presse – News conference – Conferenza stampa, 18.06.2020

Mediengespräch - Conférence de presse - News conference - Conferenza stampa, 18.06.2020 00:00 Einleitende Bemerkungen von Thomas Jordan, Präsident des Direktoriums der Schweizerischen Nationalbank - Remarques introductives de Thomas Jordan, président de la Direction générale de la Banque nationale suisse - Introductory remarks by Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank - Osservazioni introduttive di Thomas...

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Umsetzung FIDLEG/FINIG: FINMA bewilligt erste Aufsichtsorganisationen

Die Eidgenössische Finanzmarktaufsicht FINMA erteilt OSIF und OSFIN die ersten Bewilligungen als Aufsichtsorganisationen, zuständig für die Aufsicht über Vermögensverwalter und Trustees. Weiter liess sie die erste Registrierungsstelle für Kundenberaterinnen und Kundenberater zu. Das Eidgenössische Finanzdepartement anerkannte ausserdem die ersten Ombudsstellen nach FIDLEG für Finanzdienstleister.

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Willkommen in einer Zukunft ohne Zins

Die SNB, die EZB und andere Zentralbanken erwarten auch langfristig keine Zinswende – und machen Nullzinsen zur Regel. Eine Übersicht der Prognosen. Diese Woche ist die Welt einer Zukunft ohne positive Zinssätze ein Stückchen näher gerückt. Schwedens Notenbank erneuerte ihren Zinspfad.

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Banks in Switzerland 2019

The Swiss National Bank has today published its report Banks in Switzerland 2019 and the corresponding data for its annual banking statistics. The most important figures are summarised below.

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Omkar Godbole (Market Reporter, Coindesk) | The Road to Metamorphosis Blockchain Summit by Octaloop

More details about the summit: https://www.octaloop.com/events/theroadtometamorphosis/ Our past and future events: https://www.octaloop.com/events/

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Swiss National Bank forecasts deflation until 2022

On 18 June 2020, the Swiss National Bank (SNB) said it would maintain its negative rate of interest (-0.75%) and remains willing to intervene more strongly in the foreign exchange market.

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SNB News Conf Thomas Jordan 2020 06



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SNB Monetary Policy Assessment June 2020 and Videos

The coronavirus pandemic and the measures implemented to contain it have led to a severe downturn in economic activity and a decline in inflation both in Switzerland and abroad. The SNB’s expansionary monetary policy remains necessary to ensure appropriate monetary conditions in Switzerland.

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SNB Preview

The Swiss National Bank meets Thursday. It is widely expected to maintain its current policy stances but is likely to push back against CHF strength. Here, we highlight here the potential choices that lie ahead for the SNB.

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Lecture Series (online): Prof. Dr. Niepelt – Digital Money and Central Bank Digital Currency

This lecture series is about “Digital Money and Central Bank Digital Currency” with Dr. Prof. Dirk Niepelt, Director of Study Centre Gerzensee, Foundation of the Swiss National Bank. Associate Professor University Bern. About Central banks already issue digital money, but only to a select group of financial institutions. Central bank digital currency would extend this …

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