Groups urge global regulators to mutually recognise rules

AFME and other industry groups are calling on international regulators to consider mutual recognition of rules governing the financial sector to prevent protectionism, regulatory arbitrage and red tape. Regulators worldwide are implementing rules that affect domestic and foreign financial institutions. The trend of extraterritoriality comes despite the Group of 20's goal to eliminate regulatory protectionism.

View Full Article in:

Financial News Online (U.K.) (subscription required)

Published in Brief: