Eversheds unveils 10-step guide in wake of SNB’s unpegging of Swiss franc
Last week, the Swiss National Bank (SNB) removed the €1.20/CHF peg. This took the FX markets by complete surprise, and caused a dramatic spike in the value of the Swiss Franc. The full scale of that fallout remains to be seen. Casualties include a major hedge fund which reportedly suffered nearly US$1bn in FX losses. […]