A Swiss-British axis in the face of Donald Trump’s attacks on the financial system

A Swiss-British axis in the face of Donald Trump’s attacks on the financial system
A Swiss-British axis in the face of Donald Trump’s attacks on the financial system

Published on November 8, 2024 at 8:55 p.m. / Modified on November 8, 2024 at 9:59 p.m.

  • Adopted following the financial crisis of 2008, the Dodd-Franl law is threatened following the election of Donald Trump as President of the United States

  • Switzerland and the United Kingdom intend to commit to guaranteeing the stability of the global financial system

  • Despite Labor coming to power, the agreement on financial services signed at the end of 2023 is confirmed

The shock wave delivered by the election of Donald Trump to the American presidency continues to spread to the most unexpected corners of the federal administration. Finance Minister Karin Keller-Sutter was in London on Thursday to meet her British counterpart Rachel Reeves. And the election of the Republican troublemaker was at the heart of their interview.

“We discussed the possible consequences of the election of Donald Trump on the deregulation of financial markets,” said the Federal Councilor by telephone after the meeting. What he will do once in power is “speculation” but, ahead of the election, voices within the Republican camp had been raised to denounce some of the rules governing the financial system, she specifies. .

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