US and UK Regulators Hold Joint Exercise on Central Counterparty Resolution

Cross-border resolution has long been the awkward seam in post-crisis market infrastructure rules, so five authorities rehearsing the same scenario together is a meaningful coordination signal rather than routine housekeeping. It matters most for clearing houses that straddle US and UK jurisdictions and for the members and clients whose collateral would sit inside any wind-down. Whether these tabletop discussions translate into shared resolution playbooks, or stay at the level of dialogue, is the open question worth tracking.