15.06.2012 - SNB’s Jordan rules out sovereign wealth fund creation
Thomas Jordan, the governor of the Swiss National Bank (SNB), said the idea of setting up a sovereign wealth fund with the Bank's foreign currency holdings would do "little" to assist Switzerland or Swiss monetary policy. "The idea of a sovereign wealth fund may appear attractive at first glance," Jordan said, before outlining three critical factors that meant the step would not be appropriate for Switzerland...............................................Full Article: Source
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