Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps her Department is taking to strengthen UK–US co-operation on digital finance and innovation.

This question was answered on 23rd April 2026
The Financial Regulatory Working Group (FRWG) was established in 2018 with a view to deepen bilateral financial regulatory cooperation between the UK and the US, including on issues relating to financial stability and to take stock of economic trends and market conditions. Further details on what was discussed at the most recent FRWG on 25 February 2026 can be found here: U.S. – UK Financial Regulatory Working Group Winter 2026: Joint Statement - GOV.UK.

The UK and US are also working closely together on the Transatlantic Taskforce for Markets of the Future, which was established jointly by HM Treasury and US Treasury on 22 September.

The Taskforce is exploring options to strengthen linkages between UK and US capital markets, supporting growth and competitiveness in both jurisdictions by reducing burdens for UK and US firms raising capital-cross border. It is also exploring opportunities for collaboration on digital assets and other innovative financial activities.

HM Treasury and the US Treasury have conducted joint senior-level industry engagement in both London and Washington DC to ensure the Taskforce’s work is informed by what matters most to industry on both sides of the Atlantic. The Taskforce aims to report back to both finance ministries on its recommendations via the FRWG in summer 2026.