Category Archive: 1) SNB and CHF

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Central banks and BIS publish first central bank digital currency (CBDC) report laying out key requirements

2020-10-09

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2020-10-09

Seven central banks and the BIS release a report assessing the feasibility of publicly available CBDCs in helping central banks deliver their public policy objectives. Report outlines foundational principles and core features of a CBDC, but does not give an opinion on whether to issue.

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Swiss National Bank figures show burst of franc-dousing interventions

2020-10-02

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2020-10-02

The Swiss National Bank (SNB) spent CHF90 billion ($97.8 billion) in the first half of the year, more than it has spent in the past three years combined, to hold down artificially the value of the wealthy alpine state’s currency.

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How much blockchain does the financial world need?

2020-09-30

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2020-09-30

Central Bank Digital Currency (CBDC) is the buzz-phrase of the moment. But the Swiss National Bank (SNB) says producing digital Swiss francs for the general public would create many problems with unclear benefits. The Swiss government has backed up the central bank word for word.

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Adjustments to publication of data on money and foreign exchange market operations

2020-09-27

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2020-09-27

Additional data on money market operations and more frequent publication of volume of foreign exchange market interventions

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FINMA rügt Bank SYZ wegen Verstössen in der Geldwäschereibekämpfung

2020-09-26

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2020-09-26

Die Eidgenössische Finanzmarktaufsicht FINMA hat in einem Enforcementverfahren festgestellt, dass die Bank SYZ SA gegen die Geldwäschereibestimmungen verstossen hatte. Die Verstösse erfolgten im Kontext einer sehr bedeutenden Geschäftsbeziehung mit einem Kunden aus Angola.

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Monetary policy assessment of 24 September 2020

2020-09-25

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2020-09-25

SNB Switzerland Conditional Inflation Forecast, September 2020
The coronavirus pandemic continues to exert a strong influence on economic developments. The SNB is therefore maintaining its expansionary monetary policy. In so doing, it aims to cushion the negative impact of the pandemic on economic activity and inflation.

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Swiss balance of payments and international investment position: Q2 2020

2020-09-23

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2020-09-23

Current Account Switzerland Q2 2020
In the second quarter of 2020, the current account surplus amounted to CHF 10 billion; in the same quarter of 2019 it was CHF 21 billion. This decline was principally due to lower receipts from direct investment abroad. While the goods trade balance and the services trade balance changed only marginally, there was a significant decrease in receipts and expenses.

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Versicherungsmarkt Schweiz: deutlich höhere Ergebnisse

2020-09-11

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2020-09-11

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

2020-09-02

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2020-09-02

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

2020-08-21

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2020-08-21

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

2020-08-19

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2020-08-19

Swiss National Bank US Stock Holdings, 2014-2020
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

2020-08-03

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2020-08-03

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

2020-07-28

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2020-07-28

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

2020-07-27

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2020-07-27

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

2020-07-15

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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

2020-07-15

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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

2020-07-08

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2020-07-08

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

2020-07-03

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2020-07-03

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

2020-06-26

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2020-06-26

Key Figures for 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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