Japan FSA: cross-border recognition process too slow
US and Europe need to speed up moves to recognise third-country regulation as equivalent
Moves by European and US regulators to recognise third-country regulations have been slow and lack transparency and there has been little evidence of the 2013 G-20 commitment to pay deference to home country supervisors actually being implemented, according to Masamichi Kono, vice minister for international affairs, at the Japan Financial Services Agency (FSA).
Speaking at the World Federation of Exchanges conference in Seoul today, Kono said that while significant progress has been made in home
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