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 considerations about preserving Swiss sovereignty holding up a decision to the nation’s greatest overseas coverage problem.

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

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