Position of the SBA concerning the resignation of Philipp Hildebrand

  • Philipp Hildebrand’s decision deserves our full respect.
  • It is with regret that the SBA learns about this resignation. Philipp Hildebrand’s great achievements for the Swiss Financial Centre in very demanding times are beyond any doubt. With his excellent international connections, Philipp Hildebrand has represented Switzerland’s and the Swiss Financial Centre’s interests in the best possible way in international circles.
  • With the step announced today, Philipp Hildebrand maintains and even strengthens the Swiss National Bank’s credibility, which is the most important good of a central bank.
  • We are convinced that the SNB’s monetary policy will remain successful, as decisions are taken collectively within the SNB’s board. This policy needs to be continued. There is no room for politicizing the Swiss monetary policy.