Trial now
EURGBP TECHS

Approaching Key Support

US TSYS

Hovering Just Off Monday's Late Cheaps

GBPUSD TECHS

Climbs Above The 20-Day EMA

EURUSD TECHS

Outlook Remains Bearish

SNAPSHOT

Chinese Media Looks To Placate Equity Worry

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The Swiss National Bank should reevaluate the "excessive" level at which it currently holds central bank equity and ensure that all profits are distributed to the Swiss Confederation and cantons over the year, a new report by the SNB Observatory group argues.

The strong growth in the SNB's profits from its foreign investments over the past 10 years has corresponded with a fall in the share passed on to the public purse, authors Stefan Gerlach, Yvan Lengwiler and Charles Wyplosz write, making distributions "impossible in the long-run."

The report follows SNB chairman Thomas Jordan's April speech in which he said payouts should not be taken for granted, and called a recent decision to boost central bank distributions to CHF 6 billion a "balanced solution."