UK–US launch ‘Transatlantic Taskforce for Markets of the Future’ to boost innovation and growth

Transatlantic Taskforce for Markets of the Future, welcomed by the City of London Corporation, is being billed as a step-change in UK–US financial co-operation, designed to spur innovation, deepen capital markets, and support fast-growing firms on both sides of the Atlantic.

Policy Chairman Chris Hayward said the initiative marked

“a breakthrough in collaboration”

arguing that closer work between regulators and industry would “spark innovation, drive growth, and unlock new opportunities across both sides of the Atlantic.”

The taskforce’s focus includes practical cooperation on capital markets and digital assets, areas where different rulebooks often slow cross-border activity. Hayward said enhanced regulatory dialogue could “cut red tape for transatlantic firms, especially SMEs, fintechs, and insurers, making it easier to scale and succeed in both markets.”

The announcement builds on existing UK–US engagement through long-running regulatory dialogues and working groups. The City Corporation says the new forum is designed to move quickly from discussion to action, identifying where standards can be aligned, data and reporting simplified, and market access improved without compromising stability or consumer protection.

Hayward added that the Corporation “has long supported the work of the Financial Regulatory Working Group,” noting that the taskforce complements efforts by governments and supervisors in London and Washington “to tear down trade barriers and open doors for financial and professional services.” He said the aim was to “shape global standards and build resilient markets.”

A more joined-up approach between the world’s two largest financial centres could:

• help high-growth companies raise capital more efficiently;
• give fintech and insurtech firms clearer routes to expand internationally;
• encourage investment and listings activity by reducing duplicative requirements;
• support the development of safe, well-regulated digital asset markets.

Further details on membership, workstreams and timelines are expected to follow from the authorities and participating organisations. Market participants will be watching for early wins such as common definitions, interoperable reporting and clearer pathways for cross-border products.

For context on the wider UK–US financial policy dialogue, see here.

For more stories on London’s business, finance and economy, follow EyeOnLondon City for informed and independent reporting.

Follow us on:

Subscribe to our YouTube channel for the latest videos and updates!

We value your thoughts! Share your feedback and help us make EyeOnLondon even better!