Columbia International Affairs Online: Working Papers

CIAO DATE: 08/2014

The Danger of Divergence: Transatlantic Cooperation on Financial Reform

October 2010

Atlantic Council

Abstract

This report focuses on defining the major issues in financial regulation that demand transatlantic cooperation, and putting them in their global context. It analyzes the effects of proposed rules on the US and European economies, including the impact on the real economy and especially the business sector, and outlines concrete recommendations for policymakers.

The Atlantic Council, in partnership with Thomson Reuters, assembled a task force of experts from academia, think tanks, and the private sector, as well as government representatives, to discuss financial market reform and the state of transatlantic cooperation. Task force members provided information and perspectives on the issues covered in the report. Doug Elliot of the Brookings Institution served as report rapporteur.