On November 30, the U.S. Treasury Department, the Canadian Department of Finance, and the Ministry of Finance and Public Credit of Mexico (collectively, the “authorities”) announced the creation of the Canada-Mexico-United States Financial Regulatory Forum (Forum) to share information on financial sector developments and financial regulatory practices and procedures. The authorities published a joint “understanding,” which outlines the Forum’s intentions, including: (i) sharing information to allow for timely identification of potential cross-border financial regulatory issues; (ii) exchanging views on emerging financial sector developments and financial stability risks; and (iii) discussing regulatory issues that arise in bilateral and multilateral contexts or which relate to international standards. The Forum intends to meet annually.