Europe Is Counting on Trump to Stand by Global Bank Regulations
- EU won’t lower prudential standards to promote economic growth
- Dombrovskis speaks in Washington on international cooperation
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The European Union’s financial-services policy chief used a visit to Washington to renew his call for President Donald Trump to maintain the U.S. commitment to global financial rules put in place since the crisis.
The U.S. and EU have worked together in the Group of 20 to “develop a common international financial governance to build global resilience,” Valdis Dombrovskis, a vice president of the European Commission, said in a speech at the American Enterprise Institute on Thursday. “Without working jointly, we would run the risk of regulatory arbitrage and renewed instability.”