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<p>Delivering the deal agreed with the EU27 remains the government’s top priority.
It is the best way to protect jobs and economic prosperity here and in the EU, and
to avoid a hard border between Ireland and Northern Ireland, while respecting the
referendum result and the integrity of the United Kingdom.</p><p>In financial services,
we have successfully agreed commitments for working towards a future framework with
the EU, set out in the Political Declaration. These touch on the full spectrum of
the UK’s White Paper position. Crucially, both sides intend to take decisions on granting
equivalence at least 6 months before the end of the Implementation Period. The joint
position also includes establishing processes to ensure close cooperation on regulatory
and supervisory matters. This will help to preserve financial stability, market integration
and investor protection.</p><p>We remain committed to preserving our competitive position
in financial services after the UK has left the European Union. Our industry continues
to innovate and to move with the times – we have world-leading positions in the markets
of the future, including green and sustainable finance, FinTech, and renminbi and
rupee products.</p><p> </p>
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