The SNB Crisis Lesson: Only the Strong Will Survive

[kreslik.news]

This article was written by Michael Davies, Senior Sales Manager at Sucden Financial.


Currency crises are inevitably going to happen from time to time. History has shown us that anything is possible – and the Swiss National Bank events last year were a reminder of this and confirm my view that, in the long-term, only the financially strong firms will survive.
I believe that many brokerages have learned valuable lessons from the SNB crisis. For example, there has certainly been a noticeable shift from cost to counterparty risk. The majority of brokers we speak to are now more focused on working ... (read more)