The Bank Council of the Swiss National Bank (SNB) approved new regulations on private financial investments and financial transactions by members of SNB management, which will come into effect on 1 May 2012. The draft regulations were drawn up by a working group headed by a Zurich commercial lawyer, Professor Peter Forstmoser.

The working group based its work mainly on a comparative law report by the Basel Institute on Governance. The report assesses the regulations for bank transactions by the Governing Board and compared it with other major central banks.

View the SNB press release.

View the peer group report: regulations for bank transactions by the Governing Body conducted by the Basel Institute (in German).