GFMA Letter to the Editor-Financial Times: Start by endorsing principle of comity
6 March 2014
GFMA Chief Executive Simon Lewis writes to the editors of the Financial Times calling for G20 finance ministers and financial heads of all nations to formally endorse the robust application of the international principle of comity – where the home regulator defers to the host regulator where the latter’s rules are consistent with the G20 recommendations and best practices.
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Consistency of Implementation, Basel III, Compensation, Cross-Border Resolution, Financial Transaction Tax, G-SIBs, Legal Entity Identifier (LEI), Market Practices, OTC Derivatives, Shadow Banking, Trading Book, Securitisation