Archives
Here’s What the Swiss Central Bank Just Did and Why It’s Such a Shocker
January 19th, 2015
Today the Swiss National Bank shocked the world when it announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the euro. Here’s what that means and what it’s ...
Switzerland Underestimated Effect Of Currency Move On Swiss Franc
January 19th, 2015
After Switzerland’s central bank shocked global markets with a surprise currency move on Thursday, the global consensus a day later was: No more surprises, please. Currency brokers across the globe suffered deep losses, people in Geneva lined up at ...
SNB president defends shock move: reaction ‘overdone’
January 19th, 2015
Reaction to the Swiss National Bank’s (SNB) scrapping of its cap on the value of the Swiss franc has been overdone, the bank’s president Thomas Jordan has said in a newspaper interview. “We see significant excesses in current exchange ...
Newspapers condone Swiss National Bank’s decision
January 19th, 2015
The Swiss National Bank’s decision on Thursday to do away with a lower limit of CHF1.20 on the exchange rate for the euro dropped like a bomb on pretty much everyone both inside and outside of the country. Newspapers ...
Why the Swiss unpegged the franc
January 19th, 2015
In the world of central banking, slow and predictable decisions are the aim. So on January 15th, when the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate ...
Commission To Probe All EU Advance Tax Rulings
January 19th, 2015
The European Commission has announced that its ongoing inquiry into advance tax rulings will be expanded to cover all European Union member states. The Commission said on December 17 that it will ask member states to confirm whether they ...
AForex on EUR/CHF Crash
January 19th, 2015
AForex released that its clients are protected. Despite the all time record fall of EUR/CHF on January 15th, 2015, most of our clients were able to secure their funds from substantial losses, thanks to prompt company’s decision to reduce ...
Saxo Bank attracting new clients after Swiss currency surprise
January 19th, 2015
Saxo Bank, the Danish based online multi-asset trading and investment specialist, is experiencing a fresh inflow of clients today in the aftermath of significant changes in the Swiss currency crosses. Steen Blaafalk, Global Head of Finance and Risk Operations, ...
Alpari Important announcement
January 19th, 2015
Alpari has issued an announcement saying that has not entered a formal insolvency process. The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has ...
ESMA to cooperate with the Hong Kong SFC on CCPs
January 19th, 2015
The European Securities and Markets Authority (ESMA) and the Hong Kong Securities and Futures Commission (SFC) have concluded a Memorandum of Understanding (MoU). The MoU establishes cooperation arrangements between the signatory authorities regarding Central Counterparties (CCPs) that are established ...
