US, UK Regulators Closest to Cross-Border Harmony

The US and the UK cooperate the most on securities regulation, according to John Jay, a senior analyst at Aite Group, speaking in reference to July 6 remarks made by US Securities and Exchange Commission (SEC) commissioner Elisse Walter, who expressed the need for more regulatory cooperation between nations.

"When they craft legislation, standards or guidelines, the US writes that with an eye toward the UK and the UK does the same with the US," says Jay.

He attributes the similarities to the

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