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Switzerland and UK to negotiate bilateral financial services agreement

Christian Fernsby ▼ | July 1, 2020
Cross-border financial services trade between the UK and Switzerland is set to become easier, thanks to a commitment signed by the Chancellor of the Exchequer and his Swiss counterpart.
UK   Switzerland
The commitment outlines the UK and Switzerland’s shared ambition to negotiate an outcomes-based mutual recognition agreement on financial services that will enhance cooperation and trust between the two countries.

Topics: Switzerland UK

This will reduce costs and barriers for UK firms accessing the Swiss market, and vice versa, and cover a wide range of sectors.

In a further sign of the two countries’ integrated equity markets, the Chancellor also announced that the Treasury has completed its equivalence assessment of Switzerland in relation to Swiss stock markets and found them to be equivalent. This will benefit investors in both countries.