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Federal Council commissions evaluation to clarify supervision of the SNB
Bern, 25.01.2012 - At its meeting today, the Federal Council commissioned various follow-up assignments aimed at showing any need for action in the wake of the resignation of the Chairman of the Governing Board of the Swiss National Bank (SNB). Professor Paul Richli has been instructed to draw up an external expert report.
The evaluation is to outline the tasks and responsibilities currently regulated in the National Bank legislation in connection with supervision of the SNB and the constitutional room for manoeuvre in terms of possible amendments to the applicable rules. The Federal Office of Justice in collaboration with the Federal Finance Administration has also been instructed to submit a proposal for an additional mandate to examine corporate governance within the SNB more closely. Furthermore, the Federal Council has appointed an interdepartmental working group under the leadership of the Federal Office of Personnel to examine the existing code of conduct on the abuse of insider information in the Federal Administration and to draw up, as the case may be, recommendations on a uniform set of rules.
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