Swiss National Bank Singapore to ease round-the-clock franc watch

To help deal with Asian investments.

According to a report by Bloomberg, the Swiss central bank’s new Singapore office will ease the round-the-clock management of its exchange-rate cap, end the need for the Zurich trading desk’s night shift and help manage its investments in Asia.

Singapore’s position as a regional bond-trading center led to the choice of the city as the location of the first foreign branch in the Swiss National Bank’s 106-year history, President Thomas Jordan said today at the opening ceremony, attended by Monetary Authority of Singapore Managing Director Ravi Menon.

Read full report here.

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