April 19, 2018 / 6:35 PM / a year ago

U.S. and UK form regulatory Working Group to boost stability

FILE PHOTO - A State Department employee adjusts flags before a cancelled bi-lateral photo between U.S. Secretary of State Rex Tillerson and British Foreign Minister Boris Johnson at the State Department in Washington, U.S. March 22, 2017. REUTERS/Joshua Roberts

LONDON (Reuters) - Britain and the United States said on Thursday they would form a Financial Regulatory Working Group to promote financial stability and efficient markets as the UK leaves the European Union.

In a joint statement, the two countries said the working group would be a forum for the two treasury departments and staff at regulatory authorities to exchange views on the future relationship.

Both sides said the working group would meet twice a year, with additional technical meetings and calls when needed.

Reporting by Kate Holton, editing by Andy Bruce

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