UK Finance is a member of the British American Finance Alliance (BAFA), an organisation which represents the UK and US financial and related professional services industries. We contributed towards the development of a BAFA report which outlines some of the immediate and longer-term priorities of the UK and US financial services sectors for the US-UK Financial Regulatory Working Group (FRWG) and the Financial Innovation Partnership (FIP). It also looks at how authorities and industry on both sides of the Atlantic can work together on these priorities, particularly where coordination is of mutual interest.

The paper explores a variety of topics, including:

• T+1 settlement: non-standard settlement cycles, cut-off times, storage requirements
• Basel III Implementation: discussion and coordination regarding cross-border impacts
• Sustainability and climate reporting: climate disclosure standards
• Data and the digital economy: sustaining and expanding the US-UK data-bridge
• Reducing the friction to Transatlantic financial services trade

If you would like further information on UK Finance’s international work, including with regards to the US, then please contact the International Affairs team at Internationalaffairs@ukfinance.org.uk