Reactions to Jordan’s resignation are as follows: “Thanks to him, we have the most stable currency in the world.”

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The resignation of SNB boss Thomas Jordan (61) surprised politicians. Center group leader Philipp Matthias Bregy (45) was particularly surprised by the timing of his resignation. “Unlike Thomas Jordan, I don’t think the crises are behind us yet,” he says. The financial market policy environment remains unstable and the CS crisis remains unresolved. “I wish Thomas Jordan had waited a little longer before leaving.”

GLP President Jürg Grossen (54) evaluates the resignation slightly differently. “There is no ideal time,” he says. Twelve years is a long time, so he finds the resignation not surprising but saddening.

Praise for the solemn, calm creator

Zurich banker and Senior Vice President financial politician Thomas Matter (57) thinks that Thomas Jordan, born in 1963, can live a few more years. He also regrets his resignation: “Thomas Jordan did a good job and consistently fulfilled his duty to ensure price stability. “It is not thanks to his work that we have one of the most stable currencies in the world.”

Grossen also emphasizes: “Maintaining the overview and guaranteeing price stability even in turbulent times is the essence of his job.” He wants my successor to be as serious and calm as Thomas Jordan. The main bet is on SNB deputy chairman Martin Schlegel (47). In fact, it is customary for assistant principals to replace the principal.

Historian Straumann has a prediction

Economic historian Tobias Straumann (57) was also surprised by this resignation: “Thomas Jordan is not a man who just resigned.” Jordan has had a great performance under the management of SNB. “But it’s also a good time to step down: Anyone who leads in such a dominant way shouldn’t stay on for too long,” says Straumann. SNB Deputy Chairman Martin Schlegel (47) was appointed as his successor. “He is the only person on the board who knows the SNB from the inside.”

Monetary policy expert Fabio Canetg (35) is not surprised by this, as he said in his economic podcast “Geldcast”. “He will leave before the report of the parliamentary commission of inquiry into the end of Credit Suisse comes out.” This is expected to happen by the end of the year. Thomas Jordan will be gone by then. “Then before any incriminating material emerges about his role in the CS debacle,” says Canetg. Thus, if he resigned after the report was published, he could avoid the impression that he resigned because of the report. Secondly, he was paving the way for his student Martin Schlegel.

(sf/koh/saf)

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Source :Blick