BRUSSELS: The EU-US financial forum reviewed digital asset rules, Basel III capital standards and cross-border bank resolution at a June 9-10 meeting, according to a joint statement released July 24.
The European Commission and the US Department of the Treasury co-chaired the talks. Officials from central banks, financial regulators and market supervisors on both sides attended the meeting.
EU representatives updated participants on the review of the Markets in Crypto-Assets Regulation and the development of the digital euro.
US officials outlined progress towards implementing the GENIUS Act and other digital asset policies, the joint statement said.
Participants also examined securities tokenisation, tokenised collateral and artificial intelligence in financial services. They discussed operational resilience and the need to identify risks associated with new financial technologies.
On banking, officials reviewed their respective implementation of the final Basel III components. They supported effective prudential standards but also stressed the need to avoid unduly burdensome requirements.
The Federal Deposit Insurance Corporation presented its analysis of the March 2023 deposit runs. Meanwhile, the Securities and Exchange Commission committed to preparing a rulemaking recommendation on a potential registration exemption for securities issued during EU regulatory bail-ins.
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Capital-market talks covered retail access to private markets, investor protection and simpler reporting rules for smaller public companies.
Officials also discussed EU settlement-cycle reforms, US Treasury-clearing rules and corporate climate disclosures. EU representatives provided updates on the Anti-Money Laundering Authority and the bloc’s wider anti-money laundering package.
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US officials outlined Treasury efforts to modernise the Bank Secrecy Act. Both sides plan to continue regulatory discussions before the next forum, which they expect to hold in late 2026.
