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From the magazine SZW-RSDA 6/2018 | S. 653-666 The following page is 653

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Neue Gretchenfrage im Ringen um den Marktzugang in die EU?

Access to the EU Single Market has always been a key concern of Swiss financial market policy. However, in the aftermath of the crisis, the EU has considerably tightened its third country regime by requiring a demonstration of «equivalent regulatory and supervisory frameworks». Given that the EU has recently implemented tougher sanctions throughout its Single Rulebook, obtaining favorable «equivalence decisions» securing market access for the Swiss financial services industry has become another steep hurdle for Swiss government in its efforts to improve bilateral relations with the EU.

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