Swiss National bank is the Central bank of Switzerland

It is responsible for setting monetary policy

Central banks operate at crossroads of economics & politics

2 Head offices, one is Zurich Switzerland and economic financial center , other in bern the federal
capital

This enjoy high degree of independence guaranteed by law, protects the bank from political
influence

When it comes to forming monetary policies, snb don’t accept instructions from external sources

In return it has to provide the swiss parliament with regular reports on its activities.

Snb board is responsible for framing monetary policy & representing banks

SNB name is printed on every swiss bank note

SNB is required by law for price stability, as prices should neither keep rising nor keep falling, in
other words there should not be inflation nor diflation

How does snb ensure price stability ?

Influences interest rates which inturn effects how much money and credit are available in economy

Quarterly monetary policy assessment

Banking system

Switzerland has one of the world's foremost banking and financial centers with
266 banks as of 2017. The banking network is highly developed, and Swiss banks
are among the world's leaders in specialized fields such as private banking and
asset management

The following is information on the key players of the Swiss banking sector:
UBS AG and Credit Suisse: The two largest banks, UBS AG and the Credit Suisse
Group, together account for nearly 50% of the assets of all Swiss banks. They are
universal banks engaged in all types of banking business.

Banking in Switzerland is regulated by Swiss Financial Market Supervisory

Authority , which derives its authority from a series of federal statues
Reasons behind banking- SERVICE, SECURE, SECRACY

Began in 18th century

As in most of thr continental Europe, individuals usually buy & sell there stocks
through their stocks
The swiss bank collectively have a long reputation for managing investment
portfolio for their clients and providing other services such as estate planning,
wealth management,trust companies for individual customers
Safest banks in the world
Swiss bankers are highly trained and know how to grow your money
Swiss franc is considered one of the premium currencies and historically backed
by at least 40% gold reserves
Swiss law forbids to disclose the existence of your account without your consent

Major banks for swizerland

UBS AG
Credit Suisse
Hyposwiss private bank