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The U.K. now sees its banks having a similar relationship with the European Union after leaving the bloc as Japanese ones do.

The latest U.K. paper published Monday confirms the government wants a form of “equivalence” on financial services — where the EU recognizes that rules are as strict as its own — but a more generous version of it than other non-EU countries enjoy. It cites the EU’s pact with Japan as a precedent for a deal because it includes a commitment to take into account the impact of each other’s decisions, as well as regulatory dialogue between the two sides.

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