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<p>Ministers and officials from my Department and across Government continue to engage
broadly across all sectors - including the financial services sector - and across
the UK to hear the business’ priorities and issues relating to our exit.</p><p>The
Secretary of State and all the ministers in my Department met with business leaders
from across the economy to discuss the White Paper at Chevening House on 20 July.
This included a deep dive session on financial services with major firms and financial
institutions, which included discussions on the proposed new economic and regulatory
arrangement.</p><p>In addition, ministers and officials in the Treasury continue to
engage closely with firms across the Financial Services sector on the White Paper
and wider EU exit issues.</p><p>The proposals outlined in the White Paper set out
an ambitious and credible proposition for a close future relationship on financial
services with the EU. This would provide stable and predictable access to each other’s
markets, while recognising that the UK and the EU will exercise autonomy over regulatory
decisions through domestic equivalence processes, and protect financial stability.</p>
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