Trade Associations Urge TTIP Negotiators to Include Financial Services Regulatory Coordination in Trade Agreement

SIFMA, the Financial Services Forum, the Financial Services Roundtable and the Institute of International Finance (the "Associations") issued a statement urging that the next round of negotiations of the Transatlantic Trade and Investment Partnership ("TTIP") include financial services regulatory coordination.

The Associations stated that it is imperative to include a financial services regulatory framework as a "key component" of TTIP. According to the Associations, "a framework for coordination of financial services regulation between the US and EU would reduce conflict and complexity" and improve the efficiency of cross-border regulation to the benefit of market participants, their customers and regulators.

See: The Associations' Statement.Related news: 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); SIFMA and AFME Issue Statement on Transatlantic Financial Regulation Negotiations (with Lofchie Comment) (February 19, 2014); Senate Finance Committee Holds Hearing on TTIP (October 30, 2013).