Hildebrand succumbs to pressure and resigns
The governor of the Swiss National Bank (SNB), Philipp Hildebrand, resigned on Monday with immediate effect.
Political pressure had been building on Hildebrand to quit after it was uncovered his wife had profited from US dollar trades she made three weeks before the central bank introduced a limit on the value of the Swiss franc against the euro.
After initially vowing not to step down and asserting his innocence of any abuse of privilege, a brief statement on the central bank's website today
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on People
IMF appoints Georgieva for a second term
Unilateral decision comes three years after “Doing Business” controversy
New Zimbabwe governor introduces ‘gold-backed’ currency
Adoption of sixth new currency in 18 years is “chaotic”, media reports
People: January to March 2024
A round-up of central bankers in the news and on the move during the past three months
People: Sveriges Riksbank appoints new deputy governor
BIS replaces general counsel, SNB announces new head of communications
South Africa reappoints Kganyago and top executives
Mampho Modise to replace Kuben Naidoo as central bank’s deputy governor
Chinese authorities reshuffle monetary policy committee
Four new members include securities regulator, PBoC deputy governor and two academics
People: Dutch banking executive joins DNB board
Finnish central bank appoints new head, Danish member of governing board resigns
SNB head Thomas Jordan announces retirement
Board chair praises Swiss central banker for leadership in crises and record of change