KPMG comments on the first meeting of the joint EU-UK Financial Regulatory Forum

In response to the joint EU-UK Financial Regulatory Forum statement released today by HM Treasury;

Philip Deeks, Director, Regulatory Insight Centre, KPMG UK, said: ‘It is good to see discussion between the EU & UK Financial Services policy makers and regulators. It is clear they are trying to achieve the same outcomes in financial stability, efficient financial markets and good outcomes for financial services consumers.

‘In future forums it would be good to see discussions around how there can be a more harmonised approach to financial standards that will help avoid market fragmentation, especially in the context of respective competitiveness considerations.’

ENDS

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