The Swiss government is set to appoint British-born former banker Mark Branson as the first non-Swiss national to head its financial regulator, two sources said, just as the body probes currency markets and prepares for a major review of big banks.
A Swiss Financial Market Supervisory Authority (FINMA) spokesman was not immediately available for comment on Tuesday.
FINMA has already proposed Branson, who has worked at the regulator since 2010 and became deputy chief executive last year. Government approval is normally a formality in such situations.
There has been debate among Swiss lawmakers about the appointment, however, focusing on his stewardship of a division of Swiss bank UBS that was involved in criminal efforts to rig interest rates.
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