Cross-border Switzerland UK – What’s New!
Cross-border Switzerland UK – What’s New! – Berne Financial Services Agreement
Initial operational reflections on the new cooperation agreement
Webinar in English
On 3 November, FINMA and the FCA published their respective practical guides on the new agreement between Switzerland and the United Kingdom (Berne Financial Services Agreement).
During the webinar, the BRP team will comment on the contents of these guides, highlighting the main operational guidelines for Swiss financial intermediaries.
The Berne Financial Services Agreement (BFSA) marks a significant milestone in relations between Switzerland and the United Kingdom, creating a framework for cooperation that expands access to financial markets and opens up concrete opportunities for the development of cross-border services.
This new agreement is unprecedented in the European landscape: it is the first bilateral agreement in the financial sector based on mutual equivalence rather than simple unilateral recognition.
The purpose of the event is to present the practical effects arising from the agreement in the provision banking and financial services from Switzerland to the United Kingdom. The essential points in these areas will be explored, both those covered by the agreement and those not addressed. The aim is to provide participants with a pragmatic view of the situation that will arise once it comes into force, presumably in January 2026.
The webinar is aimed at all levels of the banking organisation: from front office and client relationship teams, to business development managers, up to the strategic leadership of the bank, General Management, Legal, Compliance, and Regulatory Affairs.
Content
> Introduction> Overview of the Agreement> Pre-contractual communications> Banking – account opening, provision of credit> Investment Services> Asset Management> Reporting> Branches in the United Kingdom |
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For more information on this webinar, please contact us.
