Discover and read the best of Twitter Threads about #FinReg
Most recents (2)
.@JanetYellen at Senate Finance Committee hearing in response to @SenWhitehouse on #climatechange: "I will look to appoint someone at a very senior level to lead our efforts and to create a hub within @USTreasury in which we particularly focus on ... (1/4)
... financial system-related risks and #taxpolicy incentives toward climate change. I think we need to seriously look at assessing the risks to the financial system from climate change. The @federalreserve has recently said that they would be joining the @NGFS_ They are ... (2/4)
... developing methodologies to do that and we'll focus on that. ... climate change is an existential threat, and both the impact of climate change itself and policies to address it could have major impacts creating ... (3/4)
Sadly for the @cityoflondon, the future EU-UK Cooperation and Trade Agreement's provisions on financial services fares very poorly, even in comparison to the CETA or the Japan-EU FTA. [short thread /1]
Requirements are very limited. Both parties abide by international standards. Financial services seem concerned by national treatment and MFN clauses, but no more. Access to public clearing and settlement. A classic prudential carve-out... and that's it! /2
Nothing on equivalence, not even commitments for transparency and swiftness. Regulatory transparency is also out. Furthermore, it seems that the future treaty is dramatically silent on regulatory cooperation, which is quite stunning for such interdependent and close partners. /3
