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U.S. - EU Financial Regulatory Forum meeting

A meeting of the U.S. and EU participants in the U.S. – EU Financial Regulatory Forum was held on February 11-12, 2020, in Washington to exchange views on financial regulatory developments as part of their ongoing regulatory dialogue. In the area of banking, participants discussed the process and timeline for implementing the final Basel III reforms, as well as resolution issues. Participants considered U.S. developments regarding prudential requirements for foreign banks, including tailoring prudential standards based on risk; the single counterparty credit limits; and proposed amendments to the Volcker rule. Participants also discussed EU work on the Banking Union arrangements for deposit insurance and backstop resolution funding. In the area of insurance, participants discussed ongoing multilateral and bilateral cooperation.

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