US-UK Regulators to Boost Digital Asset Cooperation

A US-UK regulatory working group convened to enhance cooperation on financial regulation and stability, with a particular focus on digital assets and cross-border innovation. The meeting, held in London on June 3, underscored the importance of creating a regulatory environment that fosters growth and stability in the financial sector.

The discussions covered a broad range of topics, including economic and financial stability, regulatory developments, digital finance innovations, and the investment environment. Participants assessed current economic trends and global factors, emphasizing the need to support long-term economic growth. The working group also highlighted the importance of a pro-growth regulatory system that upholds robust standards to facilitate cross-border activity, which is crucial for global financial stability.

Digital assets were a central theme in the discussions. Representatives from both regions shared their priorities for digital asset legislation and provided updates on regulatory progress. The group explored potential opportunities to support cross-border innovation in digital finance, recognizing the significance of effective regulation in promoting economic growth while addressing associated risks.

The working group also discussed developments in non-bank financial intermediation, domestic banking systems, banking regulation, cybersecurity, operational resilience, and digital finance innovation. These discussions underscored the need for continued bilateral and international engagement within the sector and among authorities.

Looking ahead, the group identified several key areas for future collaboration and agreed to reconvene by early 2026. They committed to maintaining an open dialogue on shared priorities, ensuring that the regulatory framework continues to evolve in a manner that supports innovation and stability in the financial sector.