Global regulators need to work together toward a “level playing field” of financial rules, a U.S. Treasury official said.
The Dodd-Frank financial overhaul creates “a dynamic, forward-looking regulatory apparatus that seeks to restore market discipline,” Cyrus Amir-Mokri, the Treasury’s assistant secretary for financial institutions, said at a conference in New York today.
“There should be a level playing field for all firms and regulatory coordination,” Amir-Mokri said.
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