SIFMA Statement On The EU-US Joint Financial Regulatory Forum Announcement

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO on the announcement made by the EU-US Joint Financial Regulatory Forum (“the Forum”) Agreement:     

“SIFMA welcomes this initiative as we believe more needs to be done to enhance coordination, facilitate cross border investment and strengthen economic growth. Our members stand ready to engage constructively with the new process. We also note that the European Commission believes that this initiative is without prejudice to the Transatlantic Trade and Investment Partnership (TTIP). SIFMA continues to believe the TTIP represents the best opportunity to host these dialogues on a regularly scheduled basis, to address regulatory issues and divergences early, while also bringing the needed transparency and accountability that other mechanisms lack”.