U.S., UK establish taskforce for collaboration on capital markets, digital assets, financial activities

The ￰0￱ the UK governments have set up a taskforce to enhance collaboration on capital markets digital assets and other innovative financial ￰1￱ Transatlantic Taskforce for Markets of the Future aims to explore short-to-medium term cooperation on digital assets whilst legislation and regulatory regimes are still developing

as well as long-term collaboration for wholesale digital markets ￰2￱ also intends to explore improvement of links between the two countries' capital markets with a focus on reducing burden for firms from the two countries raising capital ￰3￱ taskforce is expected to report within 180 days with recommendations to enhance the afore-mentioned ￰4￱ announcement comes in the wake of ￰5￱ Secretary Scott Bessent visiting Downing Street and the Chancellor of the Exchequer

Rachel Reeves last week for a joint industry roundtable.