Chancellor Philip Hammond and UK Brexit secretary David Davis comments in a joint statement for a German newspaper

Reports say that they want close cooperation between the UK and EU regulators, as part of an expansive trade deal covering both goods and financial services.

In a guest column for Germany's Frankfurter Allgemeine Zeitung, they commented that both sides will need to continue their work to "ensure such a catastrophe as the 2008 crash doesn't happen again".

Both Hammond and Davis are in Germany today to meet business groups and state Britain's case for a wider-range Brexit deal. Though formal negotiations between the UK and EU are set only to begin in March, we are at the "get a feel of your opponent" stage right now - where both sides want to lay out what they want from the talks.

This comes after EU chief Brexit negotiator Barnier's maintained his stance that passporting rights for UK banks is still off the table, and that only a limited equivalence of standards may be considered - which leaves UK banks with very limited access in the single market.