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International treaty: The Berne Financial Services Agreement

Hm Treasury

January 8
12:30 2024

Agreement between the United Kingdom of Great Britain and Northern Ireland and the Swiss Confederation on Mutual Recognition in Financial Services (the Berne Financial Services Agreement)

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The Berne Financial Services Agreement: Benefits for the UK

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Side letter: Auxiliary services for insurance

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Side letter: Financial market infrastructures

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Details

The United Kingdom has signed a ground-breaking agreement with Switzerland. The agreement uses outcomes-based mutual recognition of domestic laws and regulations to enable cross-border trade in financial services to wholesale and sophisticated clients.

The deal creates a rock-solid framework between two of the worlds leading financial centres for UK businesses to provide wholesale financi

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