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UK and Swiss market access risks – benchmarking the existing regime

  • United Kingdom
  • Switzerland
  • Brexit


With the UK’s exit from the EU now less than a year away, financial services regulators in non-EU countries in Europe are considering in detail how markets could operate between their countries and the UK after 11.00pm on Friday 29 March 2019.

Working closely with TheCityUK’s Switzerland Market Advisory Group (SwissMAG), Zurich-based Eversheds Sutherland partner Marc Raggenbass has recently drafted a comprehensive Memorandum to benchmark existing UK-Swiss market access risks. This paper also outlines the current legal and regulatory framework for cross-border financial services into the EU single market.

In drafting the Memorandum, Marc Raggenbass met and exchanged ideas with economiesuisse’s financial & related professional services (FRPS) Brexit Group, leading politicians, and representatives of Zurich Insurance Group, Swiss Re, UBS, Credit Suisse, Banque Pictet, SIX Swiss Exchange as well as the Swiss Bankers Association, the Swiss Funds & Asset Management Association, among others.

SwissMAG is planning a second paper on this topic to address the financial services industries’ wishes to regulators and politicians once the UK has left the EU, and to explore how both sides can best continue to work in close cooperation.


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