05
September
2019
|
11:25
Europe/Amsterdam

City of London Corporation Policy Chair to discuss regulatory cooperation on Swiss visit

Catherine McGuinness, Policy Chair at the City of London Corporation, heads to Switzerland today (Wednesday 4th September) to discuss closer ties in financial services as the UK prepares to leave the European Union.

Miss McGuinness will meet with representatives from the Swiss Infrastructure and Exchange (SIX), as well as the Bank for International Settlements, Swiss Finance Council, Swiss Banking Association and many more.

She will focus on the importance of global regulatory coherence, and will argue that the UK and Switzerland are natural partners to develop and push for international regulatory standards for fintech.

There will also be consideration given towards the prospect of a deeper economic relationship between the two countries in the future, including the possibility of a future free trade agreement and its implications for financial services.

The UK and Switzerland – along with the US – are among the world’s three biggest exporters of financial services.

Catherine McGuinness, Policy Chair of the City of London Corporation said:

“The UK and Switzerland are at the forefront of the financial services sector, and together we have the opportunity to make the case against fragmentation and forge a new regulatory path for the sector’s future.

“For the benefit of businesses and consumers on both sides of the Channel, I look forward to discussing how we can work ever more closely with each other and the European Union within the global multilateral trading framework after Brexit.

“At a time when others are looking inwards, our commitment to our partners across the world who believe in open and free markets remains steadfast.”

-Ends-

Notes to editors

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk

For more information contact:

Joe Dibben, Media Officer

City of London Corporation

Joe.dibben@cityoflondon.gov.uk

0207 332 1906