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UK Set to Sign Deal Boosting City of London's Swiss Ties.

Authors :
Metcalf, Tom
Benrath, Bastian
Source :
Bloomberg.com; 12/20/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

The UK and Switzerland are set to sign a post-Brexit agreement aimed at strengthening ties between their financial centers. The deal, which has been in the works since 2020, is expected to facilitate cross-border market access for various financial services, including insurance, banking, asset management, and capital market infrastructure. The City of London has been significantly affected by Brexit, as it was excluded from the post-Brexit trade deal with the EU. The agreement with Switzerland is seen as a way to enhance the UK's financial services relationship and take advantage of new freedoms granted after leaving the EU. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
174343576