Commenting on the launch of the first Joint EU-US Financial Regulatory Forum, Simon Lewis, Chief Executive at AFME, said:
"AFME welcomes the launch of the EU-US Joint Financial Regulatory Forum which has the potential to build upon the transatlantic cooperation that the Financial Markets Regulatory Dialogue has already established. Beyond this welcome initiative, AFME recognises that more needs to be done to enhance international coordination and facilitate cross-border investment with a view to supporting the growth agenda in Europe.
"We therefore believe this should be a first step towards including a framework for discussing financial regulation in the Transatlantic Trade and Investment Partnership (TTIP). TTIP offers the best opportunity for a forward-looking EU-US dialogue that can address issues early while also bringing the needed transparency and accountability that other mechanisms may lack”.