You are giving away your Anglo Saxon economist's attitude here, Tony. If I am not misrepresenting you, your argument is that concern about SNB profits could not have motivated the decision to aba...
KPMG audits the SNB. I wonder how they accounted for the SNB's balance sheet in the past and what "fair value" they were assigning to the EUR-denominated assets. It can be tricky when the audited...
according to the Federal Act on the Swiss National Bank (Art. 31 Distribution of profits): 1 A dividend not exceeding six percent of the share capital shall be paid from the net profit. 2 One-thi...
Another way they clean up (!) is by a special dispensation for the world's criminals, via (e.g.) the 1,000 Franc note. I lived in Switzerland for 5 years and never saw one. Yet according to one r...
It's a fairly strict definition of 'modern' central banks that leaves out Switzerland, Italy, and Japan..