Reported 1 day ago
The Swiss National Bank (SNB) President Martin Schlegel has stated that the bank's equity is inadequate to handle the risks associated with its large balance sheet. He emphasized the need to prioritize increasing the capital base over distributing profits to the government, suggesting that the SNB may not make any payouts this year due to previous losses and ongoing risks in the financial landscape. Schlegel attributed the bank's large balance sheet to foreign-exchange interventions made to stabilize the franc following the 2008 financial crisis.
Source: YAHOO