Maurer will no longer be involved in the finalization of the agreement, which is scheduled for the end of the summer of 2023. On Tuesday, he symbolically handed over his department to his successor Karin Keller-Sutter. In ten days, Federal Councilor Maurer will step down after 14 years.
The deal with Britain is designed to enable or improve cross-border market access in the banking, insurance, wealth management and capital markets infrastructure sectors, the FDF wrote during Thursday’s trip. With this, Bern and London wanted to reaffirm their commitment to the importance of open financial markets and international financial stability and to consolidate their position as the world’s leading international financial centers in Europe.
The FDF wrote that relations with Britain had always been a major concern for Maurer. The visit just before Christmas had become a tradition during Maurer’s time as finance minister.
(SDA)