UK and Switzerland to Reduce Regulatory Barriers to Cross-Border Services

UK and Switzerland to Reduce Regulatory Barriers to Cross-Border Services

The U.K.’s Financial Conduct Authority is inviting U.K. and Swiss firms to express their interest in providing cross-border services.

FCA looks to boost cross-border services between UK and Switzerland

The FCA is looking to introduce cross-border services between UK and Swiss firms as part of the Berne Financial Services Agreement. The regulator has invited firms in both regions to submit their interest in the treaty, which it said will help reduce regulatory barriers and boost the international competitiveness of UK financial markets. Under the agreement, UK insurance companies will be able to provide wholesale insurance services into the Swi…