SNB’s Hildebrand Won’t Resign as He Turns Fire on Opponents
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Philipp Hildebrand said he’ll stay at the helm of the Swiss National Bank and expressed regret that he didn’t curb his wife’s currency trading as he rounded on political opponents for trying to undermine his position.
Hildebrand, 48, said he acted appropriately in his role, speaking publicly for the first time about a currency transaction that led to calls for his resignation. He also said the Zurich-based central bank will look into ways of improving transparency and regulations on personal financial ethics.