November 28, 2018 / 2:10 PM / a year ago

EU says no sufficient progress yet to extend equivalence for Swiss stock exchanges

BRUSSELS, Nov 28 (Reuters) - The Vice President of the European Commission, Valdis Dombrovskis, said in a letter that no sufficient progress had yet been made in talks with Switzerland to extend the recognition of Swiss stock exchanges regulation beyond this year.

The letter was sent to EU lawmaker Markus Ferber on Nov. 27. “At this point in time there is not sufficient progress in our discussions with the Swiss authorities to allow for the extension of the equivalence decision for Swiss stock exchanges beyond December 2018,” Dombrovskis said. (Reporting by Francesco Guarascio; editing by Philip Blenkinsop)

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