Category: Banks. Country: Switzerland.
The Swiss National Bank conducts the countryos monetary policy as an independent central bank. In so doing, it creates an appropriate environment for economic growth. The National Bank is obliged by the Constitution and statute to act in accordance with the general interests of the country. Its policy goal is price stability, while taking into account the economic situation. Cashless payment transactions: In the field of cashless payment transactions, the National Bank provides services for high-value payments between banks. These are settled in the Swiss Interbank Clearing (SIC) system via sight deposit accounts held with the SNB. Investment of international reserves: The National Bank manages international reserves (gold, foreign exchange, international payment instruments). They ensure confidence in the Swiss franc, help to prevent and overcome crises and may be utilised for interventions in the foreign exchange market. Stability of the financial system: Within the framework of its task to ensure the stability of the financial system, the National Bank analyses and takes into account sources of risk emanating from the financial system. It oversees the systemically important payment and securities settlement systems and helps to shape the operating framework for the financial sector.Supervision of Switzerland's banking sector is the responsibility of the Swiss Federal Banking Commission (http://www.ebk.admin.ch).
Address: Borsenstrasse 15 P. O. Box CH - 8022 Zurich, Phone: 41 44 631 31 11 Fax: 41 44 631 39 11
