Committees and working groups
The SNB participates in numerous national committees and working groups – sometimes in a leading role, such as in the Swiss Foreign Exchange Committee.
As regards international monetary cooperation, the SNB is involved through numerous multilateral institutions and committees. These include the International Monetary Fund (IMF), the Bank for International Settlements (BIS), the Financial Stability Board (FSB), the G20 Finance Track, the Organisation for Economic Co-operation and Development (OECD), and the Central Banks and Supervisors Network for Greening the Financial System (NGFS).You will find information, access and links to the key organisations and committees here.
Swiss Foreign Exchange Committee
The Swiss Foreign Exchange Committee is a platform where experts can discuss the structure and technical workings of the foreign exchange market.
International Monetary Fund (IMF)
The IMF is the central institution for international monetary cooperation. It promotes the stability of the global monetary and financial system as well as the economic stability of its 190 member countries. Its main fields of activity are economic policy surveillance, the provision of financial support to countries facing balance of payments difficulties, and technical assistance. Switzerland exercises its influence through its representation on the Board of Governors, in the International Monetary and Financial Committee (IMFC), and on the Executive Board. The SNB contributes to IMF activities and decisions in collaboration with the federal government.
Bank for International Settlements (BIS)
The Bank for International Settlements (BIS) is an international organisation headquartered in Basel. It fosters international monetary and financial cooperation and serves as a bank and forum for central banks. The SNB has held one of the seats on the Board of Directors since the BIS was founded in 1930. The governors of member central banks convene every two months to discuss developments in the global economy and the international financial system, and also to guide and oversee the work of the standing committees. The SNB participates in the four standing committees of the BIS: the Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructures, the Committee on the Global Financial System, and the Markets Committee.
BIS Innovation Hub
The BIS Innovation Hub Swiss Centre has been in existence since late 2019. In addition to the Swiss Centre, the BIS runs four further Centres, in Hong Kong, Singapore, London and Stockholm. It will soon open further Centres in Toronto and Frankfurt/Paris. The Innovation Hub’s objective is to gain in-depth insight into technological developments that affect central banking. It also aims to develop public goods in the technology space geared towards further improving the functioning of the global financial system. Moreover, the Innovation Hub provides a platform for the identification of relevant technological trends and for dialogue concerning innovations in central banking.
Financial Stability Board (FSB)
The FSB brings together national authorities responsible for financial stability, international organisations and standard-setting bodies. It addresses the risks in the financial system and coordinates the precautions taken to counter such risks. Switzerland’s representation on the FSB is shared between the FDF, the SNB and FINMA. The SNB is a member of the Steering Committee, the Plenary, and the Standing Committee on Assessment of Vulnerabilities. Since November 2020, the SNB has chaired the Standing Committee on Budget and Resources.
Organisation for Economic Co-operation and Development (OECD)
Switzerland is a founding member of the Organisation for Economic Co-operation and Development (OECD), where it works to maintain and develop relations among the 38 member countries with regard to economic, social, and development policies. Together with the federal government, the SNB represents Switzerland on the Economic Policy Committee (EPC), the Committee on Financial Markets (CMF), and the Committee on Statistics and Statistical Policy (CSSP).
G20 Finance Track
The G20 comprises the twenty leading advanced and emerging economies and is a key forum for international cooperation on financial and economic issues. In recent years, Switzerland has been invited to participate in the meetings of the G20 finance ministers and central bank governors, known as the Finance Track. These meetings focus on economic, monetary, and financial issues.
Network for Greening the Financial System (NGFS)
The Central Banks and Supervisors Network for Greening the Financial System (NGFS) is a network of central banks and supervisory authorities. It serves as a forum in which participating institutions can discuss the risks climate change poses to the economy and the financial system. The SNB and FINMA are both represented in the NGFS Plenary. The SNB took part in three of the five NGFS working groups – ‘Scenario Design and Analysis’, ‘Monetary Policy’ and ‘Net zero for Central Banks’.