SIX faces deadline day in political power play

By Jean Comte
17 Jun 2019

The European Commission is set to announce on Wednesday whether it will extend the “equivalence” status granted to Swiss stock exchange SIX, which ends at the end of the month. The exercise is mostly political, as Brussels is using it to pressure the Swiss government into signing a general diplomatic agreement.

As Switzerland is not part of the European Union, SIX needs the equivalence status to be able to trade directly with entities based in the EU. This was granted for one year at the end of 2017, and then renewed for six month in December 2018. It ...

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