EU Urges Trump Not to Turn His Back on Global Banking Rules
- EU’s Dombrovskis warns against fracturing global standards
- U.K. also urged to cooperate on financial rules after Brexit
EU's Dombrovskis on Financial Regulation, Brexit
This article is for subscribers only.
The European Union’s financial-services policy chief urged U.S. President Donald Trump not to walk away from global financial rules put in place since the crisis.
“We are sensitive to talk of unpicking financial legislation which applies carefully negotiated international standards and rules,” Valdis Dombrovskis, a vice president of the European Commission, said in London on Friday. Trump has vowed to roll back financial regulation, and since taking office he has begun to pull the U.S. out of international agreements such as the Trans-Pacific Partnership trade deal.