Banks and clients rebuild relationships post-SNB move

Pricing difficulties since SNB currency floor removal cause friction

Stone on Sand
Banks and clients make peace

The majority of disputes between banks and clients over pricing Swiss franc deals have been resolved since the Swiss central bank's January 15 removal of the franc's currency floor, with banks yielding to demands to stick to mispriced deals, leaving only a few unresolved cases and lingering bad feeling on both sides.

Relationships became fraught after the Swiss National Bank (SNB) pulled its minimum exchange rate in the franc, leading to a market event where banks struggled to price contracts

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here