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The Guardian - UK

Business

Phillip Inman

UK and Switzerland agree to deepen ties between City and Swiss banking system

United Kingdom Switzerland City European Union Brexit London

City of London skyline — London has already signed an accord with New York, the world’s largest financial centre. Photograph: Shomos Uddin/Getty Images

The UK and Switzerland will agree to forge closer links on Thursday in a post-Brexit accord that aims to deepen ties between the City and the Swiss banking system.

In a move that brings Europe’s largest financial centres closer together, the mutual recognition agreement will be signed on Thursday by the chancellor, Jeremy Hunt, during a visit to Berne.

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