Simon Lewis, Chief Executive of AFME, said:

“Deep and integrated European markets that allow cross-border trading to take place between the EU and third countries are of vital importance for a healthy European economy that promotes economic growth. Therefore, any fragmentation of Europe’s stock market risks negative implications for corporates and investors across the EU.

“In this respect, the current uncertainty surrounding the Swiss equivalence determination is a regrettable situation for European equities markets and does not benefit market participants, least of all European end-investors.

“The optimal resolution would therefore be for both sides to reach an agreement as soon as possible.”

-          ENDS -