Research notes on monetary policy, currency markets, digital asset regulation and European M&A — written by the professionals who execute in these markets daily.
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With the Swiss National Bank holding its policy rate near the zero bound while the ECB and Federal Reserve normalise at a slower pace, the spread between CHF and EUR/USD funding costs has become a decisive variable for mid-market treasurers.
Read More: SNB Policy Divergence and the Cost of CHF Corporate FundingSwiss exporters face structurally elevated franc strength. We outline a layered forward programme that reduces earnings volatility without sacrificing participation in favourable moves.
Read More: A Disciplined G10 FX Hedging Framework for Mid-Market ExportersSwitzerland's DLT framework has given institutional allocators legal certainty on segregation and bankruptcy remoteness of digital assets. We assess what this means for treasury and allocation policies.
Read More: The Swiss DLT Act Three Years On: Institutional Custody Comes of AgeDeal volumes in the CHF 50–500 million enterprise-value segment have recovered, but buyers are applying stricter diligence on cash conversion and working-capital normalisation.
Read More: European Mid-Market M&A: Valuation Discipline Returns in H2 2026Our capital markets and FX teams are available for bespoke briefings on the topics covered in our research.
