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The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.

Articles by SwissNationalBank

2023-09-01 – Dossiers – The SNB’s role as lender of last resort

26 days ago

Swiss National Bank (SNB) – The SNB’s role as lender of last resort

How does the SNB perform its role as lender of last resort?

As lender of last resort (LoLR), the SNB can provide emergency liquidity assistance (ELA) in crisis situations to banks which are no longer able to refinance their operations on the market. The SNB thus makes an important contribution to the stability of the financial system within the framework of its mandate.
A key objective of the LoLR function is that banks which are essentially solvent and viable should not face insolvency in the event of considerable outflows because they are unable to convert their illiquid assets to cash in time or

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