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UK and Switzerland to sign post-Brexit financial services deal

December 21, 2023


The U.K. and Switzerland on Thursday will sign a post-Brexit financial services deal designed to bring two of Europe’s largest banking centers closer together.

British Finance Minister Jeremy Hunt is meeting with his Swiss counterpart, Karin Keller-Sutter, in Bern to sign the mutual recognition agreement, which they are expected to say will ease business ties between financial firms and wealthy individuals in the two markets.

The U.K. Treasury said Wednesday that the deal was a win for post-Brexit Britain that would improve cross-border market access for a range of financial services sold by banks, insurers and asset managers.

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