Swiss-UK financial services deal signed

The financial centres of Switzerland and Britain moved closer together as Swiss Fiinance Minister Karin Keller-Sutter and her British counterpart, Jeremy Hunt, signed an agreement on the mutual recognition of financial services in Bern on Thursday.

The agreement covers the recognition of equivalence in the areas of banking, securities services, insurance, asset management and financial market infrastructures for professional clients, as detailed in a press release issued by the Federal Department of Finance on Thursday. …