The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
The Swiss National Bank (SNB) is facing intensifying national scrutiny for its work culture as lawmakers focus on emerging allegations of discrimination against women.
Twelve female members of parliament have tabled a motion asking how the SNB aims to boost the number of female managers, what it’s doing to prevent ill treatment and whether it has an ombudsman to deal with complaints. The proposal has yet to be debated.
A media report last week alleged cases of bullying and gender-based pay discrimination at the institution, which is legally independent of the government.
Central Bank President Thomas Jordan fended off questions from journalists about whether his institution might need to modernise its personnel policies. He said bullying and discrimination of any kind aren’t tolerated and there is no systemic problem. Officials would still look into the accusations, he added.
The SNB offers flexible working options, and data shows the number of women in senior posts has risen over the years. Still, the proportion of women in such roles is lower than in the UK or in the euro area.
“We have a culture of treating one another fairly and respectfully,†Jordan said.