JOINT READOUT OF PRINCIPALS' MEETING OF UK AND U.S. AUTHORITIES REGARDING CENTRAL COUNTERPARTY RESOLUTION

The following information was released by the Federal Deposit Insurance Corporation (FDIC):

Joint Release

Bank of England

Federal Deposit Insurance Corporation

Commodity Futures Trading Commission

Securities and Exchange Commission

Federal Reserve Board

September 11, 2026

WASHINGTONSenior officials from the Bank of England, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Securities and Exchange Commission, and Federal Reserve Board convened for a tabletop exercise on September 3, 2026, to discuss certain issues relating to the hypothetical resolution of central counterparties (CCPs). This meeting was one of a regular series of senior-level meetings held since 2017 to share views on CCP resolution and review the progress of an ongoing program of joint work among the agencies.

The meeting was an opportunity to review recent joint work undertaken by the agencies, in particular the information sharing and communications arrangements to support financial stability in the event of a CCP resolution. Participants acknowledged the importance of continuing to facilitate a dialogue between UK and U.S. authorities and continuing to share analyses and discussing policy formulation in relation to CCP resolution.