US and European regulators are trying to work through earlier difficulties
Europe’s financial services chief has called on
its US regulatory counterpart for consistent implementation of
new rules on the clearing and execution of over-the-counter
Speaking at the Eurofi Financial Forum European Commissioner
Michel Barnier said global regulators need to trust and rely on
each other to ensure efficient markets.
"Today the EU legislative framework to implement G20
commitments is broadly in place, and the concept of third
country equivalence is enshrined in it," said Barnier.
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