Financial Times FT.com

Europe seeks ‘mutual recognition’ pact with US regulators

By Brooke Masters in London

Published: June 11 2009 22:35 | Last updated: June 11 2009 22:35

Even as US regulators turn inward and focus on improving their own system, their counterparts in Europe are requesting more international co-operation.

The Committee of European Securities Regulators this week publicly tried to revive “mutual recognition”, which would allow brokers and exchanges registered with European authorities to sell directly to US customers and vice versa.

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