Central banker remains under pressure from right

The strongman of the rightwing Swiss People’s Party has again called for the resignation of the chief of the Swiss National Bank over an alleged currency scandal.

This content was published on January 6, 2012 - 19:57 and agencies

Christoph Blocher reiterated allegations of insider trading against Philipp Hildebrand, describing him as a “speculator” no longer tenable as chairman of the central bank.

Blocher hinted that several informers at several banks had information about private financial activities by leading figures of the National Bank. He did not elaborate.

In an apparent u-turn, Blocher on Friday denied he had presented the government original banking documents compromising Hildebrand.

However, a government spokesman confirmed that Blocher, a vocal critic of Hildebrand’s monetary policy, had shown a copy of an account statement naming the top banker during a meeting with the Swiss president last month.

Hildebrand, who has the backing of the government, on Thursday denied breaking regulations and rejected calls to resign, but he admitted an error of judgment about private financial transactions.

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