Reducing Market Fragmentation through Enhanced International Regulatory Coherence
In the aftermath of the financial crisis of 2008, regulatory reforms to strengthen the financial system were critical in enhancing market transparency and restoring confidence in global financial institutions. While the regulatory reforms have been generally supportive of international regulatory coherence, unwarranted market fragmentation remains, which has led to inefficient markets and higher transaction costs. This paper provides an overview of reports presenting thoughtful insights and recommendations for reducing fragmentation.
Comments on the European Data Protection Board’s Recommendations on Measures that Supplement Transfer Tools to Ensure Compliance with EU Level of Protection of Personal Data
The continued flow of personal information from Europe is essential to Europe’s competitiveness and connectivity to the global economy, as well as to research that is critical to fighting and recovering from the current pandemic.