The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers.

Chancellor of the Exchequer Jeremy Hunt will visit Bern to sign it, according to people familiar with the matter. The mutual recognition deal — which has been in the works since 2020 — is expected to ease cross-border market access for a wide range of financial services relating to insurance, banking, asset management and capital market infrastructure.