Swiss official backs U.S. --- Head of central bank echoes Obama's move on banking regulation

Monday 25 January 2010 at 06:55

The new head of Switzerland's central bank endorsed the fresh banking regulatory push out of Washington and reiterated that he would fight any "excessive" appreciation of the Swiss franc.

Philipp Hildebrand, who became president of the Swiss National Bank this month, also chided bankers for doling out big bonuses so soon after taxpayers had paid huge sums to rescue the financial system.