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First the withdrawal negotiation would take many months, more likely years, and the status quo would be broadly expected to continue during that period.
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It said this was the "necessary first step" to prevent them from being used as pawns in withdrawal negotiations.
The House of Lords believes Ireland should not be used as a bargaining chip in withdrawal negotiations and believes a bilateral agreement could remove it from the potential toxicity of the final talks.
With uncertainty over when article 50, the formal mechanism for leaving the EU, will be triggered – but with a general expectation that when it is, withdrawal negotiations between Britain and the European council could be completed within two years – thousands of Britons are using the narrow window of opportunity to apply to become German while retaining their British citizenship.
He said the government should outline its policies on immigration sooner rather than later, arguing that it would be a mistake to make them part of the withdrawal negotiations that will be triggered when the prime minister invokes article 50 next year.
Ainsworth said: "While banks that use the UK as an entry point for most EU operations should not suffer materially altered credit fundamentals if they lost their EU passports, the uncertainty around the outcome of any new arrangements mean that it is likely that some banks may choose to move some UK-based activities to the EU before the UK's withdrawal negotiations are complete".
"We urge the government to ensure that any transitional arrangements agreed during the withdrawal negotiations provide for continuity of data-sharing, pending the adoption of adequacy decisions in respect of the UK".
European countries are concerned about the impact of the political and regulatory uncertainty on the economies of the other 27 other EU members while the UK government works out how and when to begin withdrawal negotiations under Article 50 of the Lisbon Treaty.
Raab said the issue would be a matter for post-withdrawal negotiations with the EU, but could not be ruled out if Britain wanted more secure borders.
Mr Mofaz proposes both withdrawal and negotiation.
In a statement Friday, the Yemeni government said it "warmly welcomed" Qatar's withdrawal from negotiations.
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