Tuesday, March 21, 2023

Maurer’s last business trip takes him to London

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To the British counterpart

Maurer’s last business trip takes him to London

Ueli Maurer’s last trip as Federal Councilor led to his British counterpart Jeremy Hunt. Maurer and Hunt acknowledged the progress made in negotiating the financial mutual recognition agreement, the Treasury Department wrote.

For the last time as Federal Councilor in London: Finance Minister Ueli Maurer (left) with his counterpart Jeremy Hunt.

Maurer will no longer be involved in the finalization of the agreement, which is planned for the end of summer 2023. Already on Tuesday he symbolically handed over his department to his successor Karin Keller-Sutter. In ten days, Federal Councilor Maurer will resign after 14 years in office.

The agreement with Great Britain is intended to enable or improve cross-border market access in the banking, insurance, asset management and capital market infrastructure sectors, wrote the FDF on Thursday’s trip. In doing so, 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.

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