Regulatory Changes In Retail Forex Market Will Continue

Law360, New York (September 4, 2015, 12:51 PM EDT) -- On Jan. 15, 2015, two days after the Swiss National Bank reaffirmed its commitment to a three-year peg on the franc, and less than a month after stating that the cap was "absolutely central,"[1] and it would continue to "enforce it with the utmost determination,"[2] the SNB unleashed "Francogeddon" in the foreign exchange markets by abruptly removing the cap during active trading. The surprise about-face created historical volatility in early trading and sent the franc nearly 30 percent higher than the euro. SNB Chairman Thomas Jordan was unapologetic and defended the move, saying the peg was unsustainable, and they had to take the markets by surprise.[3]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!