A years-long row between the EU and Switzerland over a bilateral trade deal, effectively locking the Alpine nation into the single market, is threatening to disrupt cross-border share trading. Switzerland has indicated that, in the event of this, it will impose a new system obliging foreign stock exchanges to obtain permission from its government if they wish to continue hosting the trading of Swiss stocks. The Swiss government has been trying for years to get its banks to open their doors to European Union clients in order to avoid paying hefty fees that are levied on them by national authorities.
A years-long row between the EU and Switzerland over a bilateral trade deal, effectively locking the Alpine nation into the single market, is threatening to disrupt cross-border share trading. The Swiss government has been trying for years to get its banks to open their doors to European Union clients in order to avoid paying hefty fees that are levied on them by national authorities.