Swiss banks expect market access agreement with UK in 2022: NZZ


The flag flutters at the Swiss Parliament Building (Bundeshaus) after the weekly government meeting in Bern, Switzerland, on 27 November 2019. (DenisBalibouse / Reuters)

Zurich-Swiss bank lobby manager hopes his country will sign a deal with the UK next year to open the financial sector to cross-border business, he announced Wednesday. I told the NZZ newspaper in an interview.

Marcel Rohner, head of the Swiss Banking Association, said the two countries outside the European Union negotiated a market access agreement by banks that would allow banks to regulate each other without requiring banks to be in perfect harmony. He said he was doing it.

“We look forward to an agreement with the UK on market access in 2022,” the newspaper quoted Rohner.

Reuters

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