U.S.-UK finance ‘alliance’ unveils regulatory cooperation proposals

Major U.S. and United Kingdom business and financial groups on Friday relaunched a trans-Atlantic alliance and released new proposals for closer financial regulatory cooperation between the U.S. and UK. The British American Finance Alliance calls on the U.S. and UK to create a “gold standard” of cross-border regulatory cooperation through the U.S.-UK Financial and Regulatory Working Group, which was announced by the two countries in April 2018. Specifically, the alliance recommends that a U.S.-UK free trade agreement include “provisions establishing...