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SNB Chief’s Exit Is Chance to Transform Central Bank, Watchers Say
Switzerland should seize the opportunity offered by the departure of Swiss National Bank President Thomas Jordan to transform the central bank, according to a group of economists called the SNB Observatory. “In the immediate future, a new member of the Governing Board must be selected,” the group of academics usually critical of the SNB’s leadership said in a report published Monday. “We have repeatedly argued that the board should have at most one member from inside the SNB and two from the outside.” The other two rate setters are an insider — Martin Schlegel — and an outsider — Antoine Martin. ... (full story)