Global Correspondence

GFMA Letter to B20 on Improving Global Regulation of Markets

GFMA writes a letter to the B20 on the importance of “Improving Global Regulation of Markets.”

Over the last few years, it has become apparent that a major challenge to the implementation of financial regulatory reform efforts has been diverging (and at times conflicting or duplicative) national and/or regional regulatory frameworks. 

GFMA believe that an outcomes-focused recognition approach, where regulators are able to rely on the oversight of other regimes adhering to the same general regulatory objectives, would serve to avoid many of the above referenced issues.


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