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Swiss central bank adopts new code of conduct

GENEVA (AP) — Switzerland's central bank has announced a new code of conduct in the wake of its chairman's resignation due to public furor over his family's private currency trading.

The Swiss National Bank released a 20-page document Wednesday designed to ensure staff "conduct themselves at all times with integrity" in their professional and private lives.

The new code says staff must avoid even appearances of conflicts of interest and must refrain from using social media networks for work, but can use them privately without naming their employer.

Philipp Hildebrand resigned as SNB chief in January acknowledging he could not prove his innocence against accusations of insider trading, though he maintained his family's currency trades were legal under internal rules.