Sunak Seeks Deeper U.K. Financial Services Ties With Switzerland

U.K. Chancellor of the Exchequer Rishi Sunak will hold talks with his Swiss counterpart on Wednesday as the two countries seek to deepen financial services ties in the wake of Brexit.

The virtual discussions with Federal Councilor Ueli Maurer will focus on the goal of “a comprehensive mutual recognition agreement” to cut costs and barriers for U.K. firms operating in Switzerland and vice versa, the Treasury said. The negotiations aim to cover sectors including insurance, banking, asset management and capital markets.