Andréa M Maechler: A look at international financial markets and developments on the Swiss money and foreign exchange markets

Speech by Ms Andréa M Maechler, Member of the Governing Board of the Swiss National Bank, at the Media News Conference of the Swiss National Bank, Berne, 15 June 2017.

I will begin by reviewing the situation on the international financial markets. I will then address some developments on the Swiss money and foreign exchange markets - specifically the establishment of SARON as the leading reference rate for interest rate derivatives and the adoption of a global code of conduct for foreign exchange market transactions.