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FDF enables recognition of EU trading venues

20.12.2018 — Press releases Europa
The Federal Department of Finance (FDF) has noted the European Commission's decision of 20 December 2018 to extend Switzerland's stock market equivalence until the end of June 2019. As a result, the FDF – based on the Federal Council Ordinance of 30 November 2018 on the Recognition of Foreign Trading Venues – has created the prerequisite to allow EU trading venues to obtain the new FINMA recognition for the time being as well.


Brexit: Switzerland and the UK guarantee citizens’ existing rights

20.12.2018 — Press releases Europa
At its meeting on 19 December, the Federal Council approved an agreement with the United Kingdom (UK) on the rights of citizens following the UK’s withdrawal from the EU (Brexit). The agreement safeguards the rights of Swiss and UK nationals acquired under the Free Movement of Persons Agreement (e.g. residence rights). This measure is part of the Swiss government’s ‘Mind the Gap’ strategy, the purpose of which is to ensure the acquired rights and obligations of citizens after Brexit.



Federal Council initiates consultation on introduction of AEOI with 18 further states

07.12.2018 — Press releases Europa
During its meeting on 7 December 2018, the Federal Council initiated the consultation on the introduction of the automatic exchange of financial account information (AEOI) with 18 further states and territories. The implementation of the AEOI is planned for 1 January 2020, and the first exchange of data should take place in 2021. The expansion of Switzerland's AEOI network takes current international developments into account.


European policy – Federal Council decides to launch consultations on the draft institutional agreement

07.12.2018 — Press releases Europa
At its meeting on 7 December 2018, the Federal Council took note of the current outcome of the negotiations on the draft institutional agreement between Switzerland and the European Union. It also takes note of the fact that the EU considers the negotiations to have been concluded. The Federal Council considers the current outcome of the negotiations to be largely in Switzerland's interests and in line with the negotiating mandate. The Federal Council has however decided not to initial the institutional agreement for the time being, in particular in view of outstanding issues relating to the accompanying measures and the Citizens' Rights Directive. It will launch consultations on the draft agreement. The goal of these consultations will be to reach a consolidated position in order to seek further dialogue with the EU if necessary. The Federal Council will consider the status of these consultations in spring 2019.


EU grants 14 million to Swiss Researchers

06.12.2018 — Press releases Europa
An ERC Grant is the most prestigious award for excellent European research projects. A team with three researchers from the ETH Domain had also applied for such a grant. Today, Gabriel Aeppli from the Paul Scherrer Institute PSI, Henrik Rønnow from the Swiss Federal Institute of Technology Lausanne EPFL and Nicola Spaldin from ETH Zurich, together with their colleague Alexander Balatsky from Nordita, Stockholm University, received the contract signed by the EU confirming the extraordinary 14 million euro funding. With this funding, they will join their expertise to look into the heart of materials. Using the large research facilities at PSI, they plan to uncover new quantum effects which up to now have been overlooked or could not be seen by previously employed methods. They will also design new materials with useful quantum properties. Such new properties could be of use for data processing or data storage in the future and thus become the backbone of future electronics for the benefit of our Society.


Federal Council brings measure to protect Swiss stock exchange infrastructure into force

30.11.2018 — Press releases Mission EU Brussels
Bern, 30.11.2018 - The Federal Council continues to advocate that the European Commission extend indefinitely Switzerland's stock market equivalence, which will expire at the end of 2018. Such an extension has not yet taken place. In its meeting on 30 November 2018, the Federal Council adopted a measure as announced to protect the Swiss stock exchange infrastructure, as the market needs clarity in order to adapt to the various scenarios in good time. The new recognition obligation for foreign trading venues introduced by ordinance will apply from 1 January 2019. In practice, it will have an effect only if necessary.


Federal Council brings measure to protect Swiss stock exchange infrastructure into force

30.11.2018 — Press releases Europa
The Federal Council continues to advocate that the European Commission extend indefinitely Switzerland's stock market equivalence, which will expire at the end of 2018. Such an extension has not yet taken place. In its meeting on 30 November 2018, the Federal Council adopted a measure as announced to protect the Swiss stock exchange infrastructure, as the market needs clarity in order to adapt to the various scenarios in good time. The new recognition obligation for foreign trading venues introduced by ordinance will apply from 1 January 2019. In practice, it will have an effect only if necessary.


Meeting of the Joint Swiss-EU Committee in the fields of research and innovation

16.11.2018 — Press releases Europa
The 23rd meeting of the Joint Committee between Switzerland and the European Union (EU) / Euratom in the areas of research and innovation took place in Brussels today. It provided an opportunity to discuss the implementation of the existing agreement between Switzerland and the EU on the current EU Framework Programme for Research and Innovation ‘Horizon 2020’, the Euratom Programme and the international fusion reactor ITER. It also allowed for an exchange of information on ‘Horizon Europe’, the next research and innovation framework programme starting in 2021.




Federal Councillor Ueli Maurer to attend meeting of EU and EFTA finance and economics ministers

05.11.2018 — Press releases Mission EU Brussels
Bern, 05.11.2018 - On 6 November 2018, Federal Councillor Ueli Maurer will take part in the meeting of EU and EFTA finance and economics ministers in Brussels. Opportunities and challenges in the fintech area will be the focus this year. Federal Councillor Ueli Maurer will be accompanied by State Secretary Jörg Gasser.                

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