The U.S. Department of the Treasury and the European Commission published a joint statement on the EU-U.S. Joint Financial Regulatory Forum held on 24-25 June 2025 in Brussels, setting out areas where regulators exchanged updates and reaffirmed ongoing cooperation. The dialogue covered seven themes spanning financial stability, digital finance and payments, sustainability-related items, the EU Savings and Investments Union, banking and insurance, anti-money laundering and countering the financing of terrorism (AML/CFT), and capital markets. The Forum brought together EU authorities including the European Central Bank, European Banking Authority, European Securities and Markets Authority, European Insurance and Occupational Pensions Authority and Single Resolution Board, alongside U.S. agencies including the Federal Reserve Board, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Securities and Exchange Commission. Discussions included elevated asset valuations and the role of prudential and macroprudential frameworks; crypto and digital finance developments (including implementation of the EU Markets in Crypto-Assets Regulation, U.S. digital asset policy priorities and the SEC Crypto Task Force), cross-border payments and the use of artificial intelligence; implementation of the EU Anti-Money Laundering Package and the Anti-Money Laundering Act of 2020 (including the Corporate Transparency Act); progress on implementing the final Basel III reforms; resolution and deposit insurance topics including brokered deposits and open bank bail-in operationalization; and capital-markets initiatives such as EU work to shorten the settlement cycle, the U.S. move to T+1 and SEC rules on clearing U.S. Treasuries. Participants will continue engagement on these and other topics ahead of the next Forum meeting anticipated in late 2025.
U.S. Department of the Treasury 2025-07-01
U.S. Department of the Treasury and European Commission outline priorities from the EU-U.S. Joint Financial Regulatory Forum
The U.S. Department of the Treasury and the European Commission issued a joint statement on the EU-U.S. Joint Financial Regulatory Forum held in June 2025, highlighting cooperation across seven themes including financial stability, digital finance, and AML/CFT. Discussions involved elevated asset valuations, crypto developments, cross-border payments, and Basel III reforms. The Forum included key EU and U.S. regulatory bodies, with continued engagement planned ahead of the next meeting in late 2025.