Switzerland looks likely to have outmaneuvered the European Union, after the latter ended its recognized stock exchange equivalence with the country.
expire at the end of JuneThe EU move formed part of a dispute over the non-member nation's political arrangements with the bloc.regarding long-standing financial, immigration and trade ties between the two.
Banks and asset managers may face fines or even jail if they flout the ban on trading Swiss stocks on EU exchanges. EU market participants continue to have access to the Swiss domestic market and are able to trade Swiss shares "in the most liquid and deepest order book," Zeeb explained.
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