Chancellor Jeremy Hunt has signed a deal which he said will make it easier for UK and Swiss financial firms to deal with each other.
Trade in financial services between the UK and Switzerland is worth more £3bn.
The new Berne Financial Services Agreement means that Switzerland and the UK will recognise and accept each other’s regulations.
The new Berne Financial Services Agreement means that Switzerland and the UK will recognise and accept each other’s regulations.
The chancellor insisted that the agreement was only made possible by the UK being outside the EU.
The “new type” of agreement moves away from “aligning legal structures” that can be used as a template for future deals, Mr Hunt said.
Under the agreement “firms based in the UK will be able to serve Swiss clients while largely relying on familiar UK firms and vice versa for Swiss firms”.
Chancellor Jeremy Hunt has signed a deal which he said will make it easier for UK and Swiss financial firms to deal with each other.
The new Berne Financial Services Agreement means that Switzerland and the UK will recognise and accept each other’s regulations.
Trade in financial services between the UK and Switzerland is worth more £3bn.
The new Berne Financial Services Agreement means that Switzerland and the UK will recognise and accept each other’s regulations.
The new Berne Financial Services Agreement means that Switzerland and the UK will recognise and accept each other’s regulations.
The chancellor insisted that the agreement was only made possible by the UK being outside the EU.
The “new type” of agreement moves away from “aligning legal structures” that can be used as a template for future deals, Mr Hunt said.
Under the agreement “firms based in the UK will be able to serve Swiss clients while largely relying on familiar UK firms and vice versa for Swiss firms”.
#signs #financial #deal #Switzerland
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