Financial firms pursue trade talks, say they want strong regulation

05/23/2013 | Bloomberg

Some Wall Street skeptics think that the industry is attempting to use the trade liberalization of financial services as a way to alter new rules and regulations mandated by the Dodd-Frank Act. The Securities Industry and Financial Markets Association says that such liberalization is not the same as deregulation and that the group is in favor of "strong regulation and prudential standards," while also allowing that increased regulatory efficiency offers many possible gains.

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