What Changed

On Sept. 3, 2026, senior officials from the U.S. Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation (FDIC), the Commodity Futures Trading Commission (CFTC), the Federal Reserve Board and the Bank of England held a Principals' Meeting to review the progress of an ongoing program of joint work among the agencies.

The session examined the hypothetical resolution of central counterparties, or CCPs — the clearinghouses that stand between buyers and sellers in derivatives and other markets to guarantee trades if one side defaults — and how regulators would coordinate if such a clearinghouse ever needed to be wound down. Officials also reviewed information sharing and communications arrangements meant to support financial stability in the event of a CCP resolution.

Highlights

  • SEC, FDIC, CFTC, the Federal Reserve Board and the Bank of England held a Principals' Meeting on Sept. 3, 2026.
  • The meeting focused on the hypothetical resolution of central counterparties (CCPs).
  • This Principals' Meeting series has run since 2017.
  • The agencies published their findings as Press Release 2026-87 on Sept. 11, 2026, from Washington D.C..

Who Is Affected

This particular meeting series began in 2017, giving the five agencies a long-running channel for coordinating on CCP resolution planning. For traders who hold accounts through brokers that clear trades via one of these central counterparties, the meeting itself changes nothing about how your positions are held today, but it reflects ongoing work by your broker's regulators to plan for how a clearinghouse failure would be managed. The participants acknowledged the importance of continuing to facilitate a dialogue between UK and U.S. authorities and continuing to share analyses and discuss policy formulation in relation to CCP resolution.

What To Watch Next

The agencies detailed the meeting in Press Release 2026-87, published on Sept. 11, 2026 from Washington D.C.. Because this account rests on a single press release, further detail on any concrete changes to CCP resolution procedures has not been corroborated elsewhere.