The Institute of International Finance today'released the following statement from President and CEO Tim Adams'after the Treasury Department released'its first report'reviewing U.S.'financial'regulation'as'mandated by President Trump's Executive Order on Core Principles for Regulating the U.S.' Financial System.''
"We appreciate'the U.S.'Treasury's thorough and comprehensive review of the'U.S.' financial regulatory framework. After eight years of reform,'the'financial'system is'safer and stronger than ever before. Our focus should now turn to ensuring the'existing framework meets the twin goals of promoting safety and soundness' and facilitating economic growth and job creation. U.S.'regulation' should'be appropriate for the U.S. financial system' and'work in coordination with the international regulatory framework agreed through the G20,'ensuring global harmonization that supports the efficient flow of capital and prevents regulatory fragmentation. We look forward to continuing to work with the'Treasury Department and relevant agencies as their review'moves forward."'