Andréa M Maechler: The financial markets in changing times - changes today and tomorrow: the digital future

Speech by Ms Andréa M Maechler, Member of the Governing Board of the Swiss National Bank, at the Money Market Event, Zurich, 5 April 2018.

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

Ladies and Gentlemen

In his speech, my colleague Dewet Moser has demonstrated how being open to innovations can pay off. However, he also underscores the point that it is entirely appropriate to carefully examine their purpose and the benefits they offer. I would now like to apply this scrutiny to the fintech innovations that are currently attracting a great deal of attention among the general public and in the financial industry.