Dispute resolution mechanism needed to resolve regulatory spats – EC’s Pearson
Differences in national regulations need to be ironed out, says Patrick Pearson
The development of a dispute resolution mechanism is critical to resolve jurisdictional spats on derivatives and bank capital rules and ensure global convergence on regulation, according to Patrick Pearson, acting director of the financial markets directorate and head of financial markets infrastructure at the European Commission.
Speaking at a conference on effective banking and securities regulation, organised by the Central Bank of Ireland in Dublin today, Pearson stressed that attempts to
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