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

Swiss Banks Expect Market Access Deal With Britain in 2022: NZZ
A flag flutters on the Swiss Parliament Building (Bundeshaus), after the weekly governmental meeting in Bern, Switzerland, on Nov. 27, 2019. Denis Balibouse/Reuters
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ZURICH—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.