The Swiss Central Bank is the central bank of Switzerland and is in charge of the country’s monetary policy, the issuance of the Swiss franc as currency and the supervision of the banking market in its territory.
Founded in 1907, the Swiss Central Bank is the public body in charge of supervising and monitoring banking activity in Switzerland.
Its headquarters is in Zurich at the operational level. But it also has a main representative office and a large volume of operations in the Swiss city of Bern.
It is one of the most relevant and prestigious central banks in the field of banking at an international level.
Its international relevance responds largely to its role in attracting foreign investment and receiving capital.
In this sense, it is usually identified with expansionary economic policies and the attraction of foreign investors. At this point, the fiscal incentives and the laxity in the economic regulation that the territory offers in legal matters help.
Swiss Central Bank Mission
The creation of this central bank was motivated by the need, at the beginning of the 20th century, to concentrate supervisory work in economic matters in Switzerland.
After decades of operation, it is currently consolidated as the driver of the country’s monetary policy. For that reason, it is the institution responsible for issuing the territory’s national currency, the Swiss franc.
In addition, his other two main responsibilities go through the monitoring and management of Swiss interest rates, and the push for economic and financial development.
Structure of the Swiss Central Bank
This important banking institution has an organization set out as follows:
- Governor: Maximum exponent of the organizational and managerial leadership. He is appointed by the government command.
- Headquarters: The aforementioned offices in Bern and Zurich, which concentrate the bulk of the bank’s business.
- Representative offices: Located in six large cities in the country and with strategic importance for the management work of the entity. They are located in Basel, Geneva, Lausanne, Lucerne, Lugano and Gallen.
- Other management points: The Swiss Central Bank also has up to fourteen branch agencies located in different parts of the country’s geography.
On the other hand, when referring to the composition and nature of the bank, it is necessary to indicate that approximately half of its shares belong to the public sphere, on which its management falls.
The rest of the shareholding is transferable in the securities markets in the form of shares available to any investor, both national and international.