Ladies and gentlemen Welcome to the Money Market Event of the Swiss National Bank (SNB) in Geneva. I am delighted to be able to speak to you today about some of the topical issues facing the SNB’s financial markets department. As usual, I shall share the floor with the head of the Money Market unit, Sébastien Kraenzlin. I shall focus my remarks on some of the investment policy challenges currently confronting the SNB. Related issues – specifically the steep rise in our currency reserves following our decision to purchase foreign exchange to enforce the minimum exchange rate of CHF 1.20 against the euro – were the f ... (full story)