- A US-UK working group met to deepen cooperation on financial regulation and stability
- Digital asset legislation and cross-border innovation were key priorities in the talks
- The two nations plan to create a pro-growth regulatory system for the financial sector
A joint US-UK regulatory working group has signaled a unified approach to the future of finance, with a strong emphasis on digital assets.
Following its latest meeting in London on June 3, the group released a joint statement highlighting deepening of bilateral regulatory cooperation aimed at creating a stable and pro-growth environment for financial innovation across both jurisdictions.
What Were the Core Priorities of the Meeting?
Discussions during the meeting covered various areas, including the economic-financial stability across both countries, regulatory developments, digital finance and innovations, and the investment environment. Participants took stock of current economic trends and broader global factors while appreciating the need to support long-term economic growth.
In the meantime, the Working Group highlighted the need to move towards a pro-growth regulatory system. It also emphasized the need to uphold robust regulatory standards that facilitate cross-border activity, noting how essential that could be for global financial stability.
Related: UK Fast-Tracks Crypto Regulations – Stablecoins and Staking in Focus
Further discussions among the Working Group participants cut across developments in non-bank financial intermediation (NBFI), domestic banking systems and banking regulation, cybersecurity and operational resilience issues, and digital finance innovation.
How Prominently Did Digital Assets Feature?
Legislation on digital finance and the progress made by both regions in regulating the financial sector featured prominently in the Working Group’s discussions.
Representatives from both jurisdictions discussed respective priorities for digital assets and provided updates on the progress of legislation. That led to the Working Group discussing how to explore potential opportunities to support cross-border innovation.
What Are the Next Steps for the Working Group?
Although the participants emphasized the importance of effective regulation in promoting economic growth, they also addressed the risks involved, noting the importance of continued bilateral and international engagement within the sector and among authorities.
Related: FCA Targets 2026 for UK Crypto Regulation as 7 Million Users Drive Demand
The Group cited other crucial areas where they would collaborate before agreeing to reconvene by early 2026. Meanwhile, they promised to continue with an open dialogue on shared priorities.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
