Document Type
Article
Abstract
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 "G-2" 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.
Date of Authorship for this Version
October 2003
Recommended Citation
Draghi, Mario and Pozen, Robert, "US-EU Regulatory Convergence: Capital Markets Issues" (2003). Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series. Paper 444.
http://lsr.nellco.org/harvard_olin/444
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