Swiss Stock Exchange Access to Key EU Market Hangs by Thread
- EU officials not yet ready to decide on extension of access
- More progress needed on bilateral accord within next days
Photographer: Michele Limina/Bloomberg
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Swiss diplomats will have to mount a last-ditch effort to secure market access for the nation’s stock exchanges within the European Union beyond the end of the month.
The European Commission will probably hold off deciding whether to extend regulatory recognition of trading venues in Switzerland at a meeting on Tuesday, as the final outcome is ultimately contingent on a stalled broader political accord between the two sides. More work is still needed in the coming days for the current level of access to be continued, according to people familiar with the discussions, who asked not to be identified discussing the private talks.