Emma BondEU and US participants in the EU – US Joint Financial Regulatory Forum met virtually at the end of September as part of their ongoing financial regulatory dialogue. The participants included, amongst others: the EBA, the ESMA, the ECB, officials from the US Department of the Treasury and staff from independent regulatory agencies such as the Securities and Exchange Commission.
The Forum focussed on six themes:
- market developments and the current assessment of financial stability risks
- sustainable finance
- multilateral and bilateral engagement in banking and insurance
- regulatory and supervisory cooperation in capital markets
- financial innovation
- anti-money laundering and countering the financing of terrorism
The participants acknowledged the importance of continuing the financial regulatory dialogue between the US and the EU as a method of supporting financial stability, investor protection, market integrity and a level playing field.
The next Forum meeting is expected to take place in early 2022, with participants continuing to engage on these topics in the meantime.
