Regulators converging across the pond

REGULATORY NEWS

BRUSSELS & WASHINGTON, DC - The credit crunch has drawn US and European Union financial services regulators even closer together as they attempt to find answers to the crisis. Areas such as risk management principles, capital requirements and mutual recognition for securities products are among the top issues. Some of the most notable work has been done by the Senior Supervisors Group- composed of US, UK, French, German and Swiss regulators.

In March the group produced a risk management standards

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