Gibraltar's and Switzerland's financial regulators have entered an agreement to exchange information and help one another over supervising alternative investment funds.

The Gibraltar and Switzerland financial regulators have entered an agreement to exchange information and co-operate over how to supervise alternative investment funds, at a time when regulation of this area of business has been on the increase.

The Swiss Financial Markets Supervisory Authority and the Gibraltar Financial Services Commission have reached a memorandum of understanding over helping each other in overseeing alternative investment funds, delegates and depositories that work on a cross-border basis in Gibraltar and Switzerland, they said in a statement.