Luxembourg/Brussels, 16/10/2013 (Agence Europe) - After a meeting with Swiss federal finance advisor Eveline Widmer-Schlumpt on Tuesday 15 October, EU Internal Market Commissioner Michel Barnier repeated the European Commission's view that non-EU banks will have to have a subsidiary in the EU if they want to access financial markets in the EU.
Barnier said that because Switzerland is not a member of the EU, it would be necessary to examine the equivalence of its rules with EU legislation,...