The Importance of Trans-Atlantic Regulatory Cooperation

In an op-ed in American Banker the chief executive of the European Banking Federation, Wim Mijs, discusses the importance of cooperation between Europe and the US when it comes to financial regulation; he points to the G-20 meeting in Pittsburgh in 2009 during the height of the financial crisis that established the G-20 as the new permanent council for international economic cooperation; but the recent movement towards unilateralism may result in market fragmentation that will be bad for all parties; instead, “U.S. and EU regulators can better ensure a resilient and sustainable financial system by adhering to the long-standing principle of maintaining a level playing field and furthering cross-border cooperation”. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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