Ongoing collaboration between the United States and the United Kingdom on financial services was boosted this week by the creation of a Financial Innovation Partnership, a statement from the U.S. Treasury says.

The Partnership between the Department of the Treasury and the U.K. HM Treasury โ€œwill build on and deepen bilateral engagement on emerging trends in financial services innovation.โ€ This will include encouraging collaboration in the private sector, sharing information and expertise about regulatory practices, and promoting growth and innovation.