SNB seeks greater authority over country's big banks

17th December 2010, Comments 0 comments

The Swiss National Bank is lobbying for greater powers over banks to establish capital requirements and other standards, such as affordability criteria for mortgages, that impact on its monetary policy-making decisions. Vice-chairman Thomas Jordan lays out the central banks case for more authority in Bern, as the SNB maintains its low-interest policy, while predicting Switzerlands economy will slow down in 2011.

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