European Commission speech on EU/US regulatory dialogue
More EU/US coordination on regulation needed, says Holmquist
Jorgen Holmquist, director general of DG Markt at the European Commission, has given a speech identifying new challenges and ways forward in the EU/US regulatory dialogue.
In the speech, he highlights regulatory competitiveness as a real issue that stems from concern in the US about the competitiveness of its capital markets. Sarbanes-Oxley, class actions and complex regulatory structures are recurring themes, and the US treasury secretary has even said it might be beneficial to move to an EU
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