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UK Finance published a blog by its Director of International
and Brexit Policy, Conor Lawlor, in which he argues that the EU-level financial services contingency measures for a no-deal Brexit announced so far are a helpful step, but address only limited elements of clearing-related issues and derivative services.
They do not address the other key services that businesses utilise such as multi-currency lending, foreign exchange, and payment and cash management services. Mr Lawlor says UK Finance is concerned that significant gaps exist in product and service
provision for EU-based customers of UK-based services.
The Secretary of State for Business, Energy and Industrial Strategy (BEIS), Greg Clark MP,
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