PYMNTS-MonitorEdge-May-2024

Swiss National Bank

Swiss National Bank Says Credit Suisse Crisis Revealed Regulations’ Shortcomings
Swiss National Bank Says Credit Suisse Crisis Revealed Regulations’ Shortcomings
June 22, 2023  |  Bank Regulation

The Swiss National Bank has called for a review of “too big to fail” (TBTF) regulations after the crisis around Credit Suisse in March. While measures taken by authorities...

READ MORE >
The Swiss National Bank Completes Wholesale CBDC Transactions With Five Commercial Banks 
The Swiss National Bank Completes Wholesale CBDC Transactions With Five Commercial Banks 
January 17, 2022  |  CBDC

 Switzerland’s National Bank (SNB) has approved a wide swath of transactions involving central bank digital currency (CBDC), the country’s monetary authority announced.  The Zurich-based regulator said...

READ MORE >
Report: Swiss National Bank Sees No Need For CBDC
Report: Swiss National Bank Sees No Need For CBDC
June 27, 2021  |  Cryptocurrency

Carlos Lenz, chief economist of the Swiss National Bank, told a news conference the bank sees no need for a digital franc, even though it...

READ MORE >
Switzerland Skeptical Of Central Bank Digital Currency
Switzerland Skeptical Of Central Bank Digital Currency
December 13, 2019  |  Cryptocurrency

With the belief that it could cause instability within the country’s financial system, the government of Switzerland spoke against making a central bank digital currency...

READ MORE >
Survey Finds Just 50 Pct. Of Swiss Bank Online
Survey Finds Just 50 Pct. Of Swiss Bank Online
August 27, 2019  |  Banking

A new survey of 34 banks in Switzerland showed that only about 50 percent of the population bank online, according to a report by Reuters. ...

READ MORE >
Swiss Franc Weakens On Impending US And Europe Rate Cuts
Swiss Franc Weakens On Impending US And Europe Rate Cuts
July 29, 2019  |  International

In the face of impending rate cuts in the U.S. and Europe, the Swiss central bank has taken steps to weaken the Swiss franc and...

READ MORE >
Switzerland Passes On Sovereign Money Initiative
Switzerland Passes On Sovereign Money Initiative
June 11, 2018  |  International

An initiative to prohibit commercial banks in Switzerland from electronically creating money when they make a loan was overwhelmingly rejected by Swiss voters. According to...

READ MORE >
Swiss Banker Backs Proposal That Would Alter Lending In The Country
Swiss Banker Backs Proposal That Would Alter Lending In The Country
May 24, 2018  |  International

Jean-Marc Decressonniere, a Switzerland banker, is one of few in the industry who plans to support a vote in June that would change the way...

READ MORE >