Britain and the US have set up a “task force for markets of the future” to explore co-operating on capital markets and digital assets regulation, in a move designed to invigorate the UK’s financial services industry.
Rachel Reeves, UK chancellor, and Scott Bessent, US Treasury secretary, agreed to set up the official group after holding talks in Downing Street last week, ahead of President Donald Trump’s state visit to Britain.
The announcement of the task force on Monday came with scant detail on which areas of capital markets and digital assets it would focus on and what any potential collaboration would look like.
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