The Danger of Divergence: Transatlantic Financial Reform and the G20 Agenda

January 28, 2014 - 3:00 pm

Dirksen Senate Building, Room 562
Washington, DC
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Please join the Atlantic Council, TheCityUK, and Thomson Reuters from 3:00 to 6:00 pm on January 28 for a high-level panel discussion  on the current state of transatlantic financial regulatory reform efforts, and the future of international financial regulation. The discussion will be followed by a brief reception to celebrate the launch of our newest report, entitled "The Danger of Divergence: Transatlantic Financial Reform & the G20 Agenda."
Welcoming remarks by
The Hon. Christopher Murphy
US Senator (D-CT) and Report Co-Chair

A report overview by
Dr. Chris Brummer
C. Boyden Gray Fellow
Atlantic Council

As we move into a new year and reflect on the implementation of the Volcker Rule in the United States and the movements towards a banking union and single banking supervisory mechanism in Europe, efforts to cooperate on reforms across the Atlantic have stalled. Although translating the G20 regulatory agenda has been largely harmonious and remarkably consistent across the Atlantic, American and European regulatory practices have diverged in several crucial areas, which could prove to seriously undermine the stability and efficiency of the transatlantic financial marketplace. During the discussion, members of the European and American financial regulatory policymaking communities will provide key insights into the current state of transatlantic financial cooperation, weigh in on the challenges that lie ahead, and offer meaningful solutions to resolve divergent regulatory practices in the future.

If you have any questions, please contact Andrew Chrismer of the Global Business & Economics Program.


Sen. Christopher D. Murphy is the junior US senator from Connecticut. Elected in 2012, Sen. Murphy serves on the Health, Education, Labor, and Pensions (HELP) Committee; the Foreign Relations Committee; and the Joint Economic Committee.

Dr. Chris Brummer is the C. Boyden Gray fellow at the Atlantic Council, where he leads the Council’s work on transatlantic finance and banking reform. He is also a professor of law at Georgetown University Law Center in Washington, DC.

Confirmed speakers include:

Mr. Sven Gentner is counselor for economic and financial affairs at the Delegation of the European Union to the United States.

Mr. Howell Jackson is the James S. Reid, Jr., professor of law at Harvard Law School. His research interests include financial regulation, international finance, consumer protection, federal budget policy, and entitlement reform.

Ms. Sarah Josephson is the director in the office of international affairs at the Commodities Futures Trading Commission.

Mr. Robert Peterson serves as assistant director in the Office of International Affairs at the Securities Exchange Commission.

Mr. Francois Rivasseau serves as the deputy head of the EU delegation to the United States.

Mr. Mark Sobel serves as the Deputy Assistant Secretary for International Monetary and Financial Policy at the US Treasury Department.

The panel discussions will be moderated by Thomson Reuters Financial Regulatory expert Mr. Douwe Miedema and Financial Times US Regulatory Correspondent Ms. Gina Chon.