Since 2002, the Financial Markets Regulatory Dialogue (FMRD) has acted as a valuable forum between the European Union and the United States to inform each other of regulatory issues of interest and concern. With the worst of the global financial crisis now behind us, there has been significant law- and rule-making activity worldwide, largely, but not exclusively, spearheaded by the G-20 reform agenda. Confidence in both financial systems is returning, but continued cooperation to achieve regulatory objectives remains warranted. This strengthens the case for even more purposeful bilateral regulatory cooperation geared towards the further promotion of financial stability; investor and consumer protection; fair, orderly, and efficient markets; and capital formation on both sides of the Atlantic.
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