EU, UK regulators bemoan national discrepancies

Author: Lizzie Meager | Published: 25 Feb 2016

Inconsistent national interpretation is the biggest challenge of recent policymaking, according to regulatory panellists at the Association for Financial Markets in Europe’s (Afme) Market Liquidity conference in London today.

When asked to name the most cumbersome post-crisis regulation, speakers noted that it was not necessarily the rules themselves that were the problem but the divergences in the way they are approached and implemented.

They cited new rules set by at global level by the Basel Committee, which leave room for wide variances in interpretation. That then has a...