| Author (Person) | Masters, Brooke |
|---|---|
| Series Title | Financial Times |
| Series Details | 12.6.09 |
| Publication Date | 12/06/2009 |
| Content Type | News |
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Article reports that the Committee of European Securities Regulators has tried June 2009 to revive 'mutual recognition', with the US and other non-EU jurisdictions, which would allow brokers and exchanges registered with European authorities to sell directly to US customers and vice versa. CESR publised on the 8 June 2009 a call for evidence on mutual recognition with non-EU jurisdictions. The globalisation of financial markets challenges securities regulators to seek appropriate mechanisms for dealing with cross-border transactions. In order to technically support the activities carried out at EU level and to identify the economic advantages and drawbacks in entering into negotiations with third countries a CESR Task Force on mutual recognition was set up in May 2008 and is now issuing a call for evidence. |
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| Countries / Regions | Europe |
