ZURICH, Nov 7 (Reuters) - Swiss Finance Minister Karin

Keller-Sutter said she had on Thursday discussed the outlook for

banking regulation in the United States with her British

counterpart Rachel Reeves following Donald Trump's presidential

election win this week.

Speaking after a meeting with Reeves in London,

Keller-Sutter said the two officials had talked about efforts to

pass a Swiss-UK financial services deal struck late last year,

before she turned to Trump's victory in Tuesday's U.S. election.

"We also discussed what the election of the new American

President, Donald Trump, could mean in regard to banking

regulation," Keller-Sutter told Reuters in a phone interview.

"We also agreed we would follow this together. It was said

beforehand that a wave of deregulation was coming in the USA."

On regulation, both agreed it was important to strike a

balance between competitiveness and stability, she said.

The election victory of Trump, a Republican, boosted stocks

in banks and other companies on Wednesday as investors bet on

lower corporate taxes and deregulation when he returns to

office.

Keller-Sutter, who next year will also assume Switzerland's

rotating presidency, is overseeing efforts to tighten banking

regulations in the country following the 2023 collapse and

subsequent takeover of Credit Suisse by its long-time rival UBS.

That political process is still underway.

Asked whether Trump's victory meant Europe needed to be more

lenient on the banking sector to enable it to remain

competitive, the minister declined to be drawn, noting it was

too early to say and that she was observing developments.