Switzerland investigates need for ‘more specific’ insider trading rules

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Last week, the Federal Council of the Federal Authorities of the Swiss Confederation, announced it had commissioned "various follow-up assignments" into any necessary actions following the resignation of Philipp Hildebrand, former governor of the Swiss National Bank (SNB).

Hildebrand stepped down amid a row over the currency trading activities of his wife.

The council asked Paul Richli, a law professor and the rector of the University of Lucerne, to put together an external expert report.

"The

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