U.S. Department of the Treasury and HM Treasury reaffirm bilateral regulatory cooperation through the U.S.-UK Financial Regulatory Working Group and plan early 2026 meeting

The U.S. Department of the Treasury and HM Treasury published a joint statement following the 11th meeting of the U.S.-UK Financial Regulatory Working Group in London, reaffirming close bilateral cooperation across financial stability, regulatory developments, digital finance and innovation, and the investment environment. Discussion covered the UK and U.S. economic and financial stability outlooks and coordination in multilateral fora including the Financial Stability Board (FSB) and the G20, with participants welcoming the confirmation of the Governor of the Bank of England as FSB Chair. Authorities exchanged updates on non-bank financial intermediation, banking regulation including resolution-related developments and capital requirements, cybersecurity and operational resilience, and digital finance priorities including digital assets and the progress of stablecoin legislation in both jurisdictions. The group also discussed the UK’s Digital Securities Sandbox, cross-border payments work under the G20 Cross-Border Payments Roadmap and domestic payments modernisation, approaches to artificial intelligence use cases and risks in financial services, and capital markets issues including the UK’s reforms to move to a T+1 settlement cycle in October 2027 and recently implemented changes to the UK Listing Rules. The Working Group agreed to reconvene by early 2026, continuing the biannual dialogue established in 2018.