SNB's Roth warns on appetite for risk

Swiss National Bank president Jean-Pierre Roth said Friday 8 December he does not feel comfortable with recent developments seen in global financial markets.

The surge in asset prices in many countries, the absence of volatility and the low level of credit spreads, shows that investors have an unprecedented confidence in the future and strong appetite for risks, Roth said in a speech a the University of Fribourg, Switzerland.

Although, economic fundamentals have improved, "it is, however, hard