Sun, May 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Swiss vote on immigration may not affect the Swiss financial services industry significantly

Tuesday, February 11, 2014

Benedicte Gravrand, Opalesque Geneva:

Swiss voters on Sunday approved a restriction on immigration and a return of tighter quotas, overturning the Swiss-EU agreement on freedom of movement; the country must now renegotiate this treaty with the European Union.

In fact, Switzerland can expect all of its treaties with the EU to be reviewed, Martin Schulz, the president of the European Parliament, was reported as saying.

"You can’t take advantage of a big European internal market and stay outside in other questions at the same time," he stated. "This is what we have to discuss with Switzerland now."

Indeed, Switzerland, although not a member of the European Union, had adopted large sections of EU policy through bilateral agreements, which took years of negotiation to achieve. It is thought that forsaking free movement could eventually limit its access to the single market.

According to the BBC, last year 80,000 new immigrants arrived in Switzerland, and foreigners now make up 23% of the population. The small alpine country is the second highest foreign population after Luxembourg.

What will the new immigration quota mean for the Swiss financial industry?

Back to pre-EU treaties Some insiders believe it is really too early to s......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio