Forum, Other Organizations Supporting EU-U.S. Financial Services Marketplace Form New International Coalition for Transatlantic Cooperation in Financial Regulation

An international group of fourteen trade associations and business groups recently announced the formation of a Transatlantic Financial Regulatory Coherence (TFRC) Coalition. The Coalition, which represents a large part of the transatlantic financial services community, has been brought together by a strong and shared belief on both sides of the Atlantic that improving regulatory cooperation between the U.S. and EU must be a priority. It believes that a comprehensive Transatlantic Trade and Investment Partnership (TTIP) that includes both market-opening measures and a framework for regulatory coherence in financial services is the best way of achieving this.

June 7th, 2016|

Forum Joins U.S. and EU Entities Urging TTIP to Include Full Coverage of Financial Services to Address Market Fragmentation

"As the United States (U.S.) and the European Union (EU) enter the 12th round of negotiations of the Transatlantic Trade and Investment Partnership (TTIP) the financial and related professional services industry continues to support an "ambitious, comprehensive, and high-standard trade and investment agreement. In order for TTIP to realize its full potential, we believe any agreement should treat financial services like every other sector in the negotiations and be dealt with in a comprehensive manner, primarily by including a framework for financial services regulatory cooperation but also through solutions to outstanding market access issues."

February 21st, 2016|

ForumBlog: Financial Services Regulations in TTIP – Little to Fear, Lots to Gain

TTIP isn’t a big issue on the radar in Washington, but it really should be if we care about U.S. jobs. The TTIP - along with the negotiation of a U.S.-China Bilateral Investment Treaty - offers a massive opportunity for the U.S. economy by increasing market opportunities for U.S.-based financial services firms. Defying the “Great Recession,” America’s export of services have grown approximately 30% since 2008, and, according to the International Trade Administration, now support almost 3 million U.S. jobs. Unfortunately, without a shift in approach on regulatory issues, the huge market access opportunities in Europe that the Obama Administration says it still seeking in the TTIP talks may remain elusive.

July 17th, 2014|

Financial Industry Associations Urge TTIP Negotiators to Include Financial Services Regulatory Coordination in US-EU Trade Agreement

"As the next round of trade negotiations moves forward, the financial services industry reiterates its position that it is imperative to include financial services regulatory coordination as a key component of TTIP. With a global economy and intertwined financial markets, the financial sector cannot continue to work under misaligned, uncoordinated regulatory regimes. A framework for coordination of financial services regulation between the US and EU would reduce conflict and complexity, and improve the efficiency of regulations across borders to the benefit of market participants, their customers and regulators. We urge negotiators to capitalize on this TTIP meeting in Brussels to promote high-quality regulatory standards that promote consistency, coordination, and resilience in our transatlantic markets.”

July 14th, 2014|