The Securities Industry and Financial Markets Association (SIFMA) today praised the U.S.-China Strategic Economic Dialogue (SED), scheduled for later this week in China, and urged president-elect Obama to continue a similar high-level dialogue in his administration.
“The Bush administration and Treasury Secretary Paulson opened a door to a constructive and on-going dialogue concerning issues vital to the economic interests of our two nations. We hope the Obama administration will not allow that door to close. Given the global economic uncertainty we are all facing, these lines of communication must be kept open and clear,” said Tim Ryan, president and CEO of SIFMA. “We look forward to working with Tim Geithner and his team to ensure Treasury remains a leader on this critical issue.”
SIFMA and the financial services industry have established a number of long-standing goals for the SED. They include promoting market entry for and equal, “national treatment” of non-domestic firms and encouraging regulatory transparency.
