The EU-U.S. Financial Markets Regulatory Dialogue (FMRD) was established in 2002 and has served as a forum between the EU and the U.S. to exchange views on financial regulatory developments on both sides of the Atlantic. In July 2016, the European Commission and the U.S. Treasury announced steps to enhance their cooperation on financial regulation. The FMRD was then renamed the Joint EU-U.S. Financial Regulatory Forum and it provides a platform for EU and U.S. financial regulators and supervisors to discuss as early as possible respective rules and policies to improve transparency, reduce uncertainty, and generally promote better compatibility of each other’s rules in consistency with international standards.
The Forum meets twice a year, with additional technical meetings and calls taking place as appropriate. The Member of the European Commission responsible for Financial Stability, Financial Services and the Capital Markets Union and the U.S. Secretary of the Treasury meet to discuss financial regulatory matters and to review the functioning of the Forum.
TABC feeds as a stakeholder into this process through briefings organized with member companies and EU and U.S. government officials as well as through coordinated industry efforts such as the Transatlantic Financial Regulatory Coherence Coalition.
More information: http://ec.europa.eu/finance/general-policy/global/index_en.htm#us