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switzerland and uk forge landmark financial agreement enhancing cross border access
Switzerland's financial landscape is bolstered by a landmark agreement with the UK, enhancing cross-border access for wholesale financial services. The Mutual Recognition Act, signed on December 21, 2023, allows firms to operate under their home regulations, fostering investor confidence and solidifying Switzerland's status as a global banking leader. As assets under management in the Swiss fund market surpass CHF1.5 trillion, both local and foreign interest in Swiss investment opportunities continues to grow.
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