On April 19, HM Treasury and the US Treasury Department published a joint statement announcing the formation of a US-UK Financial Regulatory Working Group (Working Group). The joint statement explains that Brexit provides an opportunity for the Working Group to formalize existing US-UK regulatory cooperation.

The Working Group will include staff from the respective treasury departments together with those from applicable US and UK financial regulatory authorities. It will aim to promote: (1) financial stability; (2) investor protection; (3) fair, orderly and efficient markets; and (4) capital formation, in the United Kingdom and United States.
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