Author: KMFSLLP

* UK government says economy would suffer less with May's plan

Central bank also highlights trade tensions, geopolitics in financial stability report

Tensions over trade, the turbulent Brexit discussions, and trouble in China and emerging markets could rock a U.S. financial system where asset prices are "elevated" and business credit quality may be "deteriorating," the U.S. Federal Reserve said in a first-ever report devoted to financial stability.

Talks between the European Union and Switzerland have not made enough progress to extend EU recognition of Swiss stock-exchange regulations beyond this year, European Commission Vice President Valdis Dombrovskis said in a letter.

Danske Bank said the Danish state prosecutor had filed preliminary charges against the bank for allegedly violating the country's anti-money laundering act in relation to it Estonian branch.

Polish prosecutors have requested the temporary arrest of Marek Chrzanowski, the former head of the country's financial regulator, state news agency PAP reported on Wednesday.

Talks between the European Union and Switzerland have not made sufficient progress to warrant extending the EU recognition of Swiss stock exchanges regulation beyond this year, European Commission Vice President Valdis Dombrovskis said in a letter.

* Analysts indicate deal may not go ahead (Adds ClearScore comment)

The Vice President of the European Commission, Valdis Dombrovskis, said in a letter that no sufficient progress had yet been made in talks with Switzerland to extend the recognition of Swiss stock exchanges regulation beyond this year.

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