High Hopes For Transatlantic Financial Services Cooperation, But Data Concerns Loom

Europe’s financial sector is aiming high for greater alignment between US and EU regulatory regimes in the sector, but experts warn that ongoing divergence in attitudes toward data protection could remain an obstacle.

A wide-ranging consultation from the European Commission on “potential areas for regulatory co-operation with the United States” closed at the end of April, and attracted interest from Europe’s banking and payments sector.

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