Switzerland Opens Financial Dialogue with Iran

High-ranking representatives of Switzerland’s State Secretariat for International Financial Matters (SIF) and of the Central Bank of the Islamic Republic of Iran (CBI) met for the first time in Bern on Tuesday for financial dialogue.

Both delegations exchanged views on developments in the global economy and financial markets, and discussed current national and international regulatory reforms. The exchanges with the Iranian authorities should strengthen financial relations and enable improvements in the framework conditions for financial services between the two countries.

The delegations were led by René Weber, Head of the Markets Division at SIF, and Hamid Tehranfar, Vice Governor of the CBI. On the Swiss side, the Swiss National Bank (SNB), the Swiss Financial Market Supervisory Authority (FINMA), the State Secretariat for Economic Affairs (SECO) and the Federal Department of Foreign Affairs (FDFA) were also involved in the dialogue, as was the Securities and Exchange Organization of Iran on the Iranian side.

The financial dialogue is part of the roadmap to strengthen bilateral relations agreed during the visit of the President of the Swiss Confederation Johann N. Schneider-Ammann in Teheran on 27 February 2016.

Switzerland welcomes the implementation of the Joint Comprehensive Plan of Action (JCPOA) and is in favour of the increased involvement of Iran in the global financial system. Within the scope of financial dialogue, Switzerland supports Iran in the work to implement international standards in the area of anti-money laundering and banking regulation. The discussions also focused on the challenges regarding the financing of the real sector of the economy in Iran.

(Source: CBI)

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