014_SNB_AS_Aufstellungen_en.indd 212 19.03.2013 17:14:40 Selected information 1 Chronicle of monetary events in 2012 214 2 Bank supervisory and management bodies, Regional Economic Councils 216 3 Organisational chart 220 4 Publications and other resources 222 5 Addresses 225 6 Rounding conventions and abbreviations 226 Annual Report 2012, Selected information 213 014_SNB_AS_Aufstellungen_en.indd 213 19.03.2013 17:14:41 1 Chronicle of monetary events in 2012 January In connection with the resignation of its Chairman, the SNB confirms on 9 January, that the current monetary policy with a minimum exchange rate of CHF 1.20 against the euro remains unchanged and will be pursued further with the utmost determination. February On 15 February, the Federal Council decides to bring the amendment to the Banking Act designed to resolve the ‘too big to fail’ issue into force on 1 March 2012. This amendment was passed by parliament on 30 September 2011. As a result, systemically important banks will have to meet more stringent capital, liquidity and organisational requirements in the future (p. 76). March At its quarterly assessment of 15 March, the SNB affirms that it will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It leaves the target range for the three-month Libor unchanged at 0.0 – 0.25%. The SNB continues to maintain liquidity on the money market at an exceptionally high level (p. 34). June On 1 June, the Federal Council adopts a package of measures designed to strengthen Switzerland’s banking centre. The total revision of the Capital Adequacy Ordinance enters into force on 1 January 2013. It requires all banks to hold more and better-quality capital and implements higher capital requirements for systemically important banks (p. 74). The Federal Council announces that the legal provisions on the introduction of a countercyclical capital buffer, also laid out in the Capital Adequacy Ordinance, will enter into force on 1 July (p. 75). At its quarterly assessment of 14 June, the SNB maintains the minimum exchange rate of CHF 1.20 per euro and reiterates that it will do so with the utmost determination. The target range for the three-month Libor remains at 0.0 – 0.25% (p. 34). The SNB and National Bank of Poland (NBP) conclude a swap agreement on 25 June. In the event of tensions in the Swiss franc interbank market, the facility enables the NBP to provide Swiss franc liquidity to banks in Poland (p. 51). 214 Annual Report 2012, Selected information 014_SNB_AS_Aufstellungen_en.indd 214 19.03.2013 17:14:41 At its quarterly assessment of 13 September, the SNB leaves the minimum September exchange rate unchanged at CHF 1.20 per euro. It remains committed to buying foreign currency in unlimited quantities for this purpose. It leaves the target range for the three-month Libor unchanged at 0.0 – 0.25% (p. 34). On 30 November, the Federal Council decides that the new Liquidity November Ordinance for banks will gradually enter into force from 1 January 2013 (p. 75). At its quarterly assessment of 13 December, the SNB announces that it will December leave the minimum exchange rate of CHF 1.20 per euro unchanged and continue to enforce it with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The SNB leaves the target range for the three-month Libor at 0.0 – 0.25% (p. 34). On 13 December, the SNB, the Bank of Canada, the Bank of England, the European Central Bank and the Bank of Japan (20 December) extend the swap agreement with the US Federal Reserve until February 2014. The bilateral swap arrangements in the respective currencies are also extended by one year (p. 51). On 18 December, the SNB the announces its decision to open a branch in Singapore to ensure a more efficient management of its assets in the Asia- Pacific region. The branch is scheduled to open in mid-2013 (pp. 42 and 61). On 20 December, the SNB announces that on 16 November, it issued decrees designating Credit Suisse Group AG and UBS AG as financial groups of systemic importance (p. 77). Annual Report 2012, Selected information 215 014_SNB_AS_Aufstellungen_en.indd 215 19.03.2013 17:14:41 2 Bank supervisory and management bodies, Regional Economic Councils as at 1 January 2013 BANK COUNCIL (2012 – 2016 term of office) Jean Studer Attorney-at-law, President of the Bank Council, Head of the Nomination Committee, Member of the Compensation Committee, 2007/20121 * Olivier Steimer Chairman of the Board of Directors at Banque Cantonale Vaudoise, Vice President of the Bank Council, Head of the Compensation Committee, Member of the Nomination Committee, 2009/20121 * Gerold Bührer Chairman of the Audit Committee, Member of the Compensation Committee, 2008/20121 * Monika Bütler Professor of Economics at the University of St. Gallen, 2010/20121 Alfredo Gysi Chairman of the Board of Directors at BSI Ltd, Member of the Risk Committee, 2011/20121 * Daniel Lampart Chief Economist and Executive Secretary of the Swiss Federation of Trade Unions, Chairman of the Risk Committee, 2007/20121 Christoph Lengwiler Professor and Head of the Institute of Financial Services Zug IFZ at Lucerne University of Applied Sciences and Arts, Member of the Audit Committee, 20121 Shelby Robert du Pasquier Attorney-at-law and Partner at Lenz & Staehelin, Member of the Risk Committee, 20121 Laura Sadis Member of the Cantonal Government and Head of the Department of Finance and Economic Affairs of the Canton of Ticino, 2007/20121 Ernst Stocker Member of the Cantonal Government and Head of the Department of Economic Affairs of the Canton of Zurich, Member of the Audit Committee, 2010/20121 * Cédric Pierre Tille Professor at the Graduate Institute of International and Development Studies, Geneva, Member of the Nomination Committee, 2011/20121 In line with art. 40 para. 1 NBA, all members of the Bank Council hold Swiss citizenship. * Elected by the General Meeting of Shareholders. 1 Initial and current election to the Bank Council. RELEVANT AFFILIATIONS OF BANK COUNCIL MEMBERS Further relevant affiliations of the Bank Council members are listed on the SNB website, www.snb.ch, The SNB, Supervisory and executive bodies, Bank Council. 216 Annual Report 2012, Selected information 014_SNB_AS_Aufstellungen_en.indd 216 19.03.2013 17:14:41 AUDIT BOARD (2012 – 2013 term of office) PricewaterhouseCoopers Ltd, Zurich GOVERNING BOARD (2009 – 2015 term of office) Thomas J. Jordan Chairman of the Governing Board, Head of Department I, Zurich Jean-Pierre Danthine Vice Chairman of the Governing Board, Head of Department II, Berne Fritz Zurbrügg Member of the Governing Board, Head of Department III, Zurich In line with art. 44 para. 1 NBA, all members of the Governing Board hold Swiss citizenship and are resident in Switzerland. ENLARGED GOVERNING BOARD (2009 – 2015 term of office) Thomas J. Jordan Chairman of the Governing Board, Head of Department I, Zurich Jean-Pierre Danthine Vice Chairman of the Governing Board, Head of Department II, Berne Fritz Zurbrügg Member of the Governing Board, Head of Department III, Zurich Thomas Moser Alternate Member of the Governing Board, Department I, Zurich Thomas Wiedmer Alternate Member of the Governing Board Department II, Berne Dewet Moser Alternate Member of the Governing Board, Department III, Zurich In line with art. 44 paras. 1 and 3 NBA, all members and alternate members of the Governing Board hold Swiss citizenship and are resident in Switzerland. BANK MANAGEMENT For a comprehensive list, cf. www.snb.ch, The SNB, Supervisory and executive bodies, Bank management. Annual Report 2012, Selected information 217 014_SNB_AS_Aufstellungen_en.indd 217 19.03.2013 17:14:41 REGIONAL ECONOMIC COUNCILS (2012 – 2016 term of office) Central Switzerland David Dean, Head of the Executive Committee and CEO of Bossard Group, Chairman Hans Marfurt, CEO of Trumpf Maschinen AG Sandro Alberto Vanoli, CEO of C. Vanoli Generalunternehmung AG André Zimmermann, CEO of Pilatus-Bahnen AG Eastern Switzerland Christoph Leemann, Chairman of the Board of Directors and Director of Union AG St. Gallen, Chairman Eliano Ramelli, Partner and Member of the Board of Management at Abacus Research AG Andreas Schmidheini, General Manager at Varioprint Ltd Andreas Ernst Züllig, Manager of the Hotel Schweizerhof, Lenzerheide Geneva Robert Deillon, Director General of Geneva International Airport, Chairman Nicolas Brunschwig, Joint owner of Brunschwig & Cie Ltd Patrick Pillet, Director of Pillet SA Italian-speaking José Luis Moral, Delegate of the Board and Managing Director Switzerland of Regazzi SA, Chairman Alessandra Alberti Zucconi, Managing Director of Chocolat Stella SA Lorenzo Emma, Managing Director of Migros Ticino Mittelland André Haemmerli, General Manager of Johnson & Johnson Ltd in the Canton of Neuchâtel, Chairman Jean-Marc Jacot, CEO of Parmigiani Fleurier SA Kurt Loosli, CEO of EAO Group Peter Schmid, Head of Berne Sales Region and member of the Retail Business Unit management at Coop Northwestern Gabriele Gabrielli, Group Vice President and Switzerland Global Account Executive at ABB Ltd René Kamm, CEO of MCH Group Ltd Beat Simon, Member of the Board at Agility Logistics Ltd 218 Annual Report 2012, Selected information 014_SNB_AS_Aufstellungen_en.indd 218 19.03.2013 17:14:41 Vaud-Valais Jean-Jacques Miauton, CEO of SMSG Management Sàrl, Chairman Hélène Béguin, Managing Partner of the Lausanne office, KPMG Ltd Paul Michellod, Director of FMV SA Zurich Milan Prenosil, Chairman of the Board of Directors at