FSB vice-chairman steps down after wife profits on currency trades
The vice-chairman of the Financial Stability Board (FSB) has resigned from his position following a furore involving a foreign exchange trade made by his wife.
Philipp Hildebrand stepped down as chairman of the board of Swiss central bank the Swiss National Bank (SNB), and therefore also his position at the FSB.
The FSB is the influential Basel-based supra-national body set up to co-ordinate the regulatory and supervisory reaction to the global financial crisis.
The move comes after it was revealed...
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