Agreement with London: Blueprint for Other Financial Centers?
An article by Kaspar Landolt for Finews.ch
In his latest article on finews.ch, our partner Kaspar Landolt discusses the recently signed financial services agreement between Switzerland and the UK. He highlights how this agreement represents a pragmatic way of facilitating cross-border financial services without the need to harmonise legal systems. In particular, the mutual recognition of regulatory standards is highlighted, allowing Swiss banks and financial institutions to provide services in the UK (and vice versa), which is seen as particularly beneficial for the banking and asset management sectors, while the impact on the insurance sector is seen as mixed. Landolt reflects on the potential of this agreement as a template for similar arrangements with other financial centres around the world.
For more details and insights, read the full article on finews.ch (in German):
