Us-Eu Regulatory Convergence : Capital Markets Issues

The U.S. and the E.U. are the two most important areas in terms of capital raising and securities trading, so together they constitute the quot;G-2quot; of the capital markets. Through informal leadership, the G-2 can help resolve some important regulatory issues between the U.S. and the E.U. while providing precedents for the global capital markets. The key issues in the U.S. include: reconciliation of accounting systems, extraterritorial application of Sarbanes-Oxley, and U.S. access to E.U. trading screens. The key issues in the E.U. include: E.U. restrictions on pension management, differential treatment of financial conglomerates, and no uniform E.U. rules on takeovers