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Today, SIFMA sent a letter to United States Trade Representative Michael Froman and issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO in support of including a framework to discuss financial services regulation within Trans-Atlantic Trade and Investment Partnership (TTIP):
“SIFMA continues to believe it is crucial to pursue a framework for financial services regulatory coordination within TTIP in order to address the cross-border elements rules and regulations in a timely and efficient way. The US and EU constitute the largest financial trading markets, with well established regulatory regimes and standards, which are designed to achieve similar outcomes, and yet the most significant barriers between US and EU capital markets result from insufficient regulatory cooperation and coordination. TTIP negotiations provide a unique opportunity to achieve more consistent regulatory standards, enhance cross-border coordination and strengthen the resiliency of our closely intertwined markets.”
Read SIFMA’s letter here.
