The European Union wants regulator “equivalence” with the U.S. on financial matters, EU financial services chief Michel Barnier said, flagging the matter as a key issue for trans-Atlantic trade talks.
“What we can’t accept is extra-territorial” actions by the U.S., Barnier said in an interview at the Cercle des Economistes conference in Aix-en-Provence, France. “What we want is equivalence. It’s a matter of common sense.”
