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The popular right-wing Swiss People's Party (SVP) wants to limit the autonomy of the Swiss National Bank (SNB) on decisions outside its core mandate of price stability after big losses on currency interventions.
"If the SNB leaves its actual mission with large currency buys, one must be able to supervise the SNB bosses and if necessary stop them," Christoph Blocher, former justice minister and SVP mastermind, told the SonntagsZeitung newspaper.
"I have the suspicion that Mr Hildebrand wants to play a role at the European or even global level. He pleads for opening and integration which does not belong to his area of competency. He also doesn't rule out tying the franc to the euro," he said.
Originally posted by Misoir
It is high time to rein in the bankers who have been given far too much power with so little oversight. Enough is enough!