In a letter to the Office of the U.S. Trade Representative, the Securities Industry Association urged the Bush Administration to support the U.S.-EU Financial Markets Dialogue with a more pro-active strategy. In addition to continuing the U.S.-EU Financial Markets Dialogue, SIA recommended: the placement of a Treasury attaché in Brussels; increasing inter-agency coordination, particularly utilizing State Department contacts in EU countries; continuing a formalized dialogue between the Securities and Exchange Commission and the Committee of European Securities Regulators on regulatory convergence; and, stronger congressional/parliamentary interaction. SIA also suggested that U.S. and EU negotiators seek a forward-looking World Trade Organization financial-services agreement that commits countries to enhanced regulatory transparency and addresses specific trade barriers.
SIA’s letter is at: http://www.sia.com/2004_comment_letters/SIATransatlanticRelationship123104.pdf.
