A year after the SNB shock, practitioners are better off
Firms say things have changed for the better since January 2015, but while they believe risks are being priced appropriately, vigilance remains key
A year on from the Swiss National Bank's (SNB) abrupt abandonment of the Swiss franc floor, market participants say that, despite the global shockwave, things have changed for the better.
This is because the 'frankenshock' exposed certain weaknesses in business models and risk management, forcing participants to take stock of not only their companies but their readiness for regulation too.
"There has been a massive investment in real-time risk monitoring," says James Watson, managing director
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