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.

The views expressed in this speech are those of the speaker and not the view of the BIS.

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.