Auditors find no breach of SNB regulations by governing board
The auditors asked by the Swiss National Bank (SNB) to investigate all own-account transactions by the members of the enlarged governing board and their families have concluded there were no breaches of the central bank's regulations.
The investigation was launched following the dramatic resignation of former governor Philipp Hildebrand. Profitable currency trades made by his wife, Kashya Hildebrand, led to the governor's downfall as he could not prove he did not know about the trades before
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