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LONDON, Oct 23 - Officials from Britain's finance ministry and the European Commission have discussed geopolitical risks and the vulnerabilities of non-bank financial firms, in the first official forum between the two sides on finance since Brexit.
In a joint readout published on Monday, the two parties said they discussed the risks related to the"current challenging geopolitical situation", without elaborating, and said their respective financial sectors remained resilient. Brussels has stressed that the new forum has no remit to decide on EU market access for UK financial services which were largely cut off from the bloc due to Brexit.
The financial sector, however, is hoping the forum will build political trust on both sides over time to potentially lead to better UK access.
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