Barnier, Wolin Discuss Global Financial Regulatory Agenda

The U.S. Acting Treasury Secretary Neal Wolin and European Union financial services chief Michel Barnier discussed global financial regulatory issues including the risks of regulatory arbitrage, the Treasury Department said.

Wolin underscored the importance of “aligning regulations to mitigate the risks of regulatory arbitrage” and the need for “strong trans-Atlantic cooperation on financial regulation” to eliminate gaps and inconsistencies, according to the e-mailed statement released today.

To contact the reporter on this story: Kasia Klimasinska in Washington at kklimasinska@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.