Swiss National Bank Chairman resigns

by Adil Siddiqui
  • After much criticism the SNB chairman Philipp Hildebrand has finally resigned. The chairman was facing criticism after his wife had benefited from foreign exchange dealing where she purchased and sold CHF against the greenback for a profit when the SNB intervened in the currency.
Swiss National Bank Chairman resigns
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After much criticism the SNB chairman Philipp Hildebrand has finally resigned. The chairman was facing criticism after his wife had benefited from foreign Exchange dealing where she purchased and sold CHF against the greenback for a profit when the SNB intervened in the currency.

Hildebrand had a meeting with the parliamentary committee for Economic Affairs and Taxation looked at the situation from a political perspective. Switzerland is known for its high standards and regulations in financial services.

After the Crown Forex fiasco Forex brokers in Switzerland were required to be registered as banks.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.

After much criticism the SNB chairman Philipp Hildebrand has finally resigned. The chairman was facing criticism after his wife had benefited from foreign Exchange dealing where she purchased and sold CHF against the greenback for a profit when the SNB intervened in the currency.

Hildebrand had a meeting with the parliamentary committee for Economic Affairs and Taxation looked at the situation from a political perspective. Switzerland is known for its high standards and regulations in financial services.

After the Crown Forex fiasco Forex brokers in Switzerland were required to be registered as banks.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.

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