Swiss stock exchange ‘to gain extra six months’ EU access’

The European Union is poised to offer the Swiss stock exchange access to its markets for another six months, according to Swiss public radio, SRF. This would allow Switzerland to hold a consultation process on a proposed “framework agreement” treaty to govern future ties between the two parties. The EU had threatened to ban Switzerland’s main trading platform from listing European shares at the end of this year if the treaty remained unsigned. Last week, the Swiss government said it needed time to consult with political parties, cantons and other interested parties before giving its answer. On Tuesday, SRF confirmed reports by Reuters that the EU appears willing to temporarily relax its stance. The written confirmation came from a “senior EU official”. However, the EU decision will not be officially communicated until Monday, according to the SRF report.  The ongoing impasse over long-term Swiss stock exchange EU access has been rumbling for a year. Switzerland has threatened ...