Even though the measures taken generally share the same objectives, the approach adopted by regulators across the globe has drifted apart following the financial crisis. As a consequence, regulatory uncertainty and contradictions have increased. How can we reverse this trend?
Possible discussion points:
- Could the increasing regulatory complexity and the diverging national and regional standards impose a threat to market efficiency and to economic growth? How can this be avoided?
- How can common international regulatory standards best be developed?
- Is a multilateral or a bilateral approach the best way forward?
- What role can international standard setter such as IOSCO, the Financial Stability Board and the G20 play?
- Is outcome-based mutual recognition a possible solution?