On September 3, the Department of the Treasury hosted the tenth official meeting of the U.S.-U.K. Financial Regulatory Working Group in Washington, D.C. Officials from both countries discussed economic and financial stability, banking issues, digital finance, sustainable finance, capital markets and non-bank financial involvement. They reviewed the economic and financial stability outlooks of both nations. The working group exchanged views on sustainable finance, including climate-related disclosures and transition plans. They discussed international initiatives and the U.K.’s efforts to align its supervision on climate risk management with global guidelines. Discussions also covered digital finance, such as using AI in financial services and tokenization. The group highlighted the importance of effective regulation and international cooperation to address risks and promote innovation.
