SIFMA Writes to Treasury Secretary Lew about the Importance of Including Financial Services in TTIP (with Lofchie Comment)

In a letter to U.S. Treasury Department ("Treasury") Secretary Jacob Lew, SIFMA urged him to use Treasury's leadership to begin discussions on a regulatory framework for financial services, and affirmed its support for a comprehensive Transatlantic Trade and Investment Partnership ("TTIP").

Lofchie Comment: With the change in leadership at the CFTC, Treasury should reexamine its position on this issue and support regulatory cooperation. It is likely to prove more productive for the U.S. economy than attempts to impose regulatory hegemony.

See: SIFMA Comment Letter.Related news: SIFMA Submits Letter to Ambassador Gardner on TTIP and Financial Services (with Lofchie Comment) (August 6, 2014); Trade Associations Urge TTIP Negotiators to Include Financial Services Regulatory Coordination in Trade Agreement (July 14, 2014); SIFMA and AFME Jointly Commend EU Commissioner Barnier on TTIP (June 13, 2014); U.S. and European Financial Services Trade Associations Issue Joint Statement on TTIP (March 25, 2014).