GENEVA (Reuters) – Swiss banks should shift extra operations to the European Union if Switzerland fails to safe a treaty with the buying and selling bloc, Geneva personal bankers mentioned on Tuesday.

After 4 years of talks, a deal defining Switzerland’s relationship with the EU stays in limbo, with issues about preserving Swiss sovereignty holding up a decision to the nation’s largest overseas coverage subject.

Geneva Monetary Middle, representing 104 banks, mentioned that reviving the stalled treaty was a “obligatory precondition for negotiations on a future settlement that will give Swiss banks and monetary intermediaries free entry to…

Source link

Please follow and like us: