[THREAD] According to Bloomberg, Thomas #Jordan - the chairman of the Swiss National Bank (#SNB) - faces questions today from the supervisory board about the allegations published by @swissinfo_de on Sept 2 and the @RepublikMagazin on Sept 24 and Oct 1. Here is what they discuss:
(2/7) On Sept 2, @swissinfo_de documented the high share of men in leading positions at the #SNB (81%; #ECB: 69%, #BoE: 68%, #Fed: 57%). In 84% of all cases since 2000, the SNB promoted men to "director" or "vice director". Out of 28 promotions to director, only 3 were female.
(3/7) In contrast to other major central banks, the #SNB has no targets for the share of women in leading positions (#ECB: 40% by 2026) and for the share of women it wants to promote (#ECB: 50% on all levels). Neither does it have a program to foster gender equality.
(4/7) On Sept 24 and Oct 1, the @RepublikMagazin published various allegations against the #SNB, including wage discrimination, violation of the labor law, ineffective internal and external compliance processes, and patriarchal structures.
(5/7) The allegations were put forward by numerous independent sources from inside and outside the #SNB. In total, the authors (@LaeriPatrizia and @fabiocanetg) spoke with 18 identified persons. One of them is mentioned by name in the article of Oct 1.
(6/7) Several independent sources say that #SNB chairman #Jordan is personally responsible for these failures as he is unwilling to change the existing structures. He is said to surround himself with people who have a similiar mindset.
(7/7) Check out @fabiocanetg for the links to the @swissinfo_de and @RepublikMagazin articles, the main media coverage up until today, and the #SNB's reaction to the allegations.
cc @ZSchneeweiss @Blackstonebrian @KatharinaBart @kolbech @koblerev @ManuelRentsch @Stefanie_Knoll @MarkDittli @SylviaWalter13 @MarkusDiemMeier @cbSwiss @MESandbu
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