Groups urge global regulators to adopt mutual recognition

ISDA and other financial industry groups are calling on international regulators to consider adopting mutual recognition of rules governing the sector in an effort to prevent protectionism, regulatory arbitrage and red tape. Regulators around the world have started implementing rules that affect both domestic as well as foreign financial institutions. The trend of extraterritoriality comes despite the Group of 20's goal to eliminate regulatory protectionism.

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