Brexit and data privacy rules damage trade, report says
Regulators are already working together more closely to avoid rules from disrupting cross-border trade, according to the International Organisation of Securities Commissions
04 June 2019 - 19:27
London — Brexit, tougher data privacy protection and a crackdown on foreign clearing houses risk fragmenting markets, bumping up costs and undermining efforts to avert another financial crisis, global regulators said on Tuesday.
The International Organisation of Securities Commissions (Iosco), which groups market regulators from the US, Japan, China, the EU and 30 other jurisdictions, said in a report that regulators are already working together more closely to avoid rules from disrupting cross-border trade...
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