Andréa M Maechler: Introductory remarks, Swiss National Bank news conference

Introductory remarks 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, Zurich, 17 December 2020.

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

I will touch on two areas in my remarks today: First, I will review developments on the financial markets over the last half-year; here I will comment briefly on our foreign exchange market interventions in 2020. Then I will speak about the imminent changeover from Swiss franc Libor to SARON.