The Swiss National Bank (SNB) announced on January 9 that Vice Chairman Thomas Jordan will take over as interim chairman following the resignation of Chairman Philipp Hildebrand . . . Jordan’s main task will be to defend a four-month old cap on the Swiss franc that has kept Switzerland from returning to a recession . . . Hildebrand was facing criticism after allegations that he had been engaging in insider trading with his wife emerged in late December . . . Hildebrand was likely forced to resign by the 11-member SNB Bank Council who wanted to avoid further controversy . . . Jordan is expected to follow in the footsteps of Hildebrand and protecting the cap on the value of the franc will likely be his main priority.