Bloomberg say that Thomas Jordan, Swiss National Bank president, is facing a very tough annual general meeting:
- The SNB's abandonment of its cap on the Swiss franc is likely to dominate its annual general meeting of more than 250 investors on Friday
- With the central bank struggling to fulfill its price stability mandate and joblessness likely to inch up, trade unionists and some lawmakers are taking it to task for the January decision, and calling for remedial measures
- The SNB's independent status means any complaints won't affect monetary policy, though they may still fuel criticism of it.
- "We'll probably experience a very loud AGM, but there won't be any real changes" to the SNB's policies, said Mark Balsiger, a political consultant in Bern.
More at the article: SNB Braces for Shareholder Wrath as Jordan Weathers Criticism
