22.3 C
New York
Monday, May 23, 2022

Swiss banks expect market access deal with Britain in 2022 – NZZ

Swiss banks expect market access deal with Britain in 2022 - NZZ
© Reuters. FILE PHOTO: A flag flutters on the Swiss Parliament Building (Bundeshaus), after the weekly governmental meeting in Bern, Switzerland, November 27, 2019. REUTERS/Denis Balibouse

ZURICH (Reuters) – The head of the Swiss banking lobby expects his country to strike a deal with Britain next year to open up the financial sector to cross-border business, he told the NZZ newspaper in an interview published on Wednesday.

Both countries, which are outside the European Union, are negotiating an accord for market access by banks that recognises each other’s regulatory regime without requiring them to be fully harmonised, said Marcel Rohner, head of the Swiss Bankers Association.

“I expect an agreement with Great Britain on market access in 2022,” the paper quoted Rohner as saying.

Source: Investing.com

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

11,301FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles