SNB Abandon of the Euro Cap – Impact on Financial Institutions

The Swiss National Bank (SNB) ended its three-year-long cap of 1.20 Swiss franc per Euro, triggering a record surge in the Swiss franc against the Euro, resulting in the Swiss franc’s highest gain in more than three years versus the US dollar. The SNB’s decision will undoubtedly cause a number of additional challenges to Financial Institutions.

Bullish attitude returns to the property market

The global real estate market will see a resurgence of deal activity over the next 12 months, with Western European markets attracting the lion’s share of investor interest, according to the findings of the 2014 KPMG Real Estate Invest Survey.