Foreword Introduction: the opportunity Policy and regulation Aligning US and UK approaches Investment and capital 昀氀ows Sector focus Looking ahead Foreword US and UK 昀椀nancial and professional services: growing together Chris Hayward, Policy Michael Mainelli, The Rt Hon Edward Price, Managing Chairman, City of the Lord Mayor of the City Director, City of London London Corporation of London Corporation in the US “US-UK leadership on the global stage has never been “The US-UK relationship in 昀椀nancial and professional “The City of London Corporation has o昀케ces around more important. As the world’s two leading 昀椀nancial services is already of huge value to both partners. the world. We promote global collaboration on shared centres, deeper US-UK collaboration will shape global With new opportunities emerging in 昀椀ntech, digital assets, opportunities and challenges. And we support the capital policymaking in areas of shared interest, helping to AI, cyber and climate insurance, among others, now is the 昀氀ows and investment so vital for economic growth. develop the international coalitions and standards needed time to deepen the existing relationship and accelerate Establishing a presence in the US for the 昀椀rst time for the future. growth in our two leading 昀椀nancial centres. re昀氀ects the City of London Corporation’s commitment Policy leadership in new growth areas, such as data Take the example of climate insurance. The US is the to deepen collaboration with a key ally and trading sharing, digital assets and AI, will bring together like- largest market for climate-risk related insurance by partner at a moment of profound technological, strategic, minded partners. This would enable innovation, the demand. Yet local US insurers cannot always take on and geopolitical change. development of new commercial opportunities and these large complex risks. This is where the London I am delighted to be heading the new o昀케ce at such ultimately supporting global growth for the sector. Market comes in. As a leader in excess and surplus lines a critical juncture and look forward to working with The 昀椀nancial and professional services sector is inherently with large capital volumes and specialist expertise, it can stakeholders on both sides of the Atlantic.” international. The US and UK recognise the importance of complement US capacity to the bene昀椀t of 昀椀rms in both open global markets and the rules-based international countries.” order so vital for supporting innovation, providing security, and underpinning prosperity.” 3