A global regulatory agenda
19 Feb 2006
EC Internal Markets Commissioner Charlie McCreevy outlined (PDF 79k) in remarks before the Council on Foreign Relations in Washington.
Jointly, we have a window of opportunity to facilitate the smooth integration of China, India, Brazil and others on the world economic stage. The EU and the US should lead by example and show how open and competitive markets with sound standards of investor and consumer protection can deliver a thriving transatlantic financial market place. In accounting, in auditing, in our securities and other markets the EU and the US can make a special contribution to the emerging global regulatory system. If we cannot resolve our differences, what sort of example are we giving to the others? This is a question of mutual interest and leadership. |