September 14, 2017 / 7:19 AM / 10 months ago

Swiss bank lobby urges gov't to consider ending talks on EU funding

ZURICH, Sept 14 (Reuters) - Switzerland’s banking lobby on Thursday called on the government to end talks with the European Union about continuing to contribute to the EU budget unless Brussels eases market access for Swiss banks.

“The association advocates open markets and insists on recognition by the EU of equivalence for relevant Swiss laws,” the Swiss Bankers Association said in a statement.

“If equivalence in the area of finance cannot be provided, no in-depth discussions should be conducted with the EU about the cohesion contribution.”

Non-EU member Switzerland’s cohesion payments to the EU budget have in the past helped fund development projects in eastern European EU members. (Reporting by Joshua Franklin; Editing by Michael Shields)

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