The Securities Industry and Financial Markets Association (SIFMA) said it supports the ongoing efforts to gain economic integration and regulatory convergence. Examples of such moves are ongoing efforts by the Transatlantic Economic Council (TEC) aimed at increased cross-border cooperation. 

“The TEC statement is a welcomed confirmation of strong European Union-U.S. political will to proceed with transatlantic securities market integration,” said Bertrand Huet, managing director and SIFMA’s european legal and regulatory counsel. “We continue to urge the European Commission and the Securities and Exchange Commission to take tangible action in the coming months to update regulatory structures that suit the global nature of the financial marketplace.”

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.