Swiss National Bank's Unusual Insider Appointments Cause Controversy

Valentina Zavala
1 min read

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The Swiss National Bank's approach to appointments diverges from global practices, drawing criticism from economists due to its tendency to promote insiders. As the country gears up to select a successor to President Thomas Jordan, the SNB Observatory released a report adding to previous apprehensions about the bank's operations. This highlights the growing controversy surrounding the institution's leadership and its decisions. The upcoming appointment of Jordan's successor in September has intensified scrutiny on the SNB and its unconventional practices, further fueling the debate on insider promotions within the bank.

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