SIFMA And AFME Statement On TTIP Negotiations

SIFMA President and CEO Kenneth E. Bentsen, Jr. and AFME CEO Simon Lewis, whose respective memberships are comprised of firms that engage for their clients in all aspects of the transatlantic financial marketplace, today issued the following statement on this week's TTIP negotiations:

"The TTIP meeting between EU Commissioner Karel de Gucht and USTR Michael Froman in Washington, DC this week offered the opportunity for U.S. and E.U. policymakers to enhance the financial services framework for regulatory cooperation. SIFMA and AFME are of the view that expanding opportunities for financial services providers and their clients in the transatlantic market can only be realized if TTIP includes commitments for regulatory coordination and cooperation, which are fundamental to our intertwined economies and financial markets. This week's meeting was a critical opportunity to enhance coordination, reduce conflict and confusion, and improve the efficiency of regulations across jurisdictions. Importantly, a financial services regulatory framework between the U.S. and E.U. would facilitate and guide efforts to promote consistent high-quality regulatory standards in global markets."