Swiss Banks Expect Market Access Deal With Britain in 2022: NZZ

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A emblem  flutters connected  the Swiss Parliament Building (Bundeshaus), aft  the play   governmental gathering  successful  Bern, Switzerland connected  Nov. 27, 2019. (Denis Balibouse/Reuters)

A emblem flutters connected the Swiss Parliament Building (Bundeshaus), aft the play governmental gathering successful Bern, Switzerland connected Nov. 27, 2019. (Denis Balibouse/Reuters)

ZURICH—The caput of the Swiss banking lobby expects his state to onslaught a deal with Britain adjacent twelvemonth to unfastened up the fiscal assemblage to cross-border business, helium told the NZZ paper successful an interrogation published connected Wednesday.

Both countries, which are extracurricular the European Union, are negotiating an accord for market entree by banks that recognises each other’s regulatory authorities without requiring them to beryllium afloat harmonised, said Marcel Rohner, caput of the Swiss Bankers Association.

“I expect an statement with Great Britain connected marketplace entree successful 2022,” the insubstantial quoted Rohner arsenic saying.

Reuters

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