The Gibraltar Bankers Association warmly welcomes the landmark agreement reached between the United Kingdom and the European Union on Gibraltar’s future relationship with the EU. This long-anticipated development brings a crucial degree of certainty and clarity for Gibraltar’s financial services sector following the uncertainty of the post-Brexit period.

From the perspective of the banking community, the agreement marks a key milestone. It provides a framework for stability, continued access, and sustainable growth – all of which are essential for the long-term success of financial services in Gibraltar.

Foremost among the benefits is the confirmation of a fluid border arrangement. Ensuring the uninterrupted movement of people between Gibraltar and Spain is not merely a matter of convenience — it is fundamental to the day-to-day operations of our sector. Thousands of cross-border workers, including those employed by banks and financial institutions, rely on seamless transit each day. The agreement secures their ability to do so without disruption, preserving business continuity and institutional stability.

Beyond the preservation of the current workforce, the agreement has the potential to unlock future growth. By facilitating easier access to and from Gibraltar, it creates new opportunities to attract highly skilled professionals from both sides of the border. This expanded mobility supports long-term capacity planning, skills development, and enhanced client service — vital components of Gibraltar’s continued evolution as a modern and competitive financial hub.

The wider message is one of confidence. In securing this agreement, Gibraltar sends a clear signal to UK and EU-linked clients alike: it remains a dynamic, outward-looking jurisdiction, deeply connected to the European business landscape while maintaining the benefits of close alignment with the UK.

On behalf of the Gibraltar Bankers Association, I would like to extend our sincere thanks and congratulations to all those who played a role in bringing this agreement to fruition — in particular the teams in Gibraltar, London, Brussels, and Madrid who engaged in the complex and delicate negotiations over several years.

This deal represents the final piece in the Brexit puzzle for Gibraltar. As we await the final text of the treaty and its practical implementation, we remain confident that both the opportunities and the challenges ahead will be met with the same resilience, agility, and collaborative spirit that have long defined Gibraltar’s banking and finance community.

In every sense, this agreement marks not an end, but a new beginning — one that positions Gibraltar for renewed growth, stronger international engagement, and continued excellence in financial services.