The pushback from the Trump administration against BIS's global standards for banks shows just how contentious international regulation can be. It raises the question of whether European bodies should have a say in American banking practices. As financial landscapes evolve, the balance of power in rule-making is definitely at stake. What do you think about foreign influence on domestic standards?

https://www.ft.com/content/aba5f0c5-3538-4548-b227-b08e25a2cdb8
#BankingRegulations #GlobalFinance #BIS #USPolitics
The pushback from the Trump administration against BIS's global standards for banks shows just how contentious international regulation can be. It raises the question of whether European bodies should have a say in American banking practices. As financial landscapes evolve, the balance of power in rule-making is definitely at stake. What do you think about foreign influence on domestic standards? https://www.ft.com/content/aba5f0c5-3538-4548-b227-b08e25a2cdb8 #BankingRegulations #GlobalFinance #BIS #USPolitics
BIS defends its global rulemaking role against US criticism
Trump administration officials are suspicious of standards being set for American banks by a Europe-based body
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