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, with the former 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 on January 15, leading to a market event where banks struggled to price contracts and some attempted to cancel or reprice off-market trades away

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