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News Releases
No. 23/07
March 7, 2007
EU COMMISSIONER CHARLIE MCCREEVY MEETS US TREASURY DEPUTY SECRETARY ROBERT KIMMITT
In Washington today EU Commissioner for
Internal Market
and Services
Charli e McCreevy
(above) and US Treasury Deputy
Secretary Robert Kimmitt (right) met to review the progress made
under the
US-EU Financial Market Regulatory Dialogue and
to discuss its forward-looking agenda.
Both Commissioner McCreevy and Deputy Secretary Kimmitt
underlined the importance of the
Dialogue’s focus on
promoting strong US and EU cooperation on financial
markets, fostering convergence and anchoring financial
systems in best global practices. They also agreed to
continue their efforts to combat money laundering and
the financing of
terrorism.
Deputy Secretary Kimmitt observed that the EU had made
great progress in putting in place the framework for an
integrated EU wholesale market, and took note of the
similar efforts being made on the retail side.
Commissioner McCreevy thanked Treasury for its
leadership of the Dialogue, commended the United States
for working closely with the European Commission in
addressing many issues of European concern.
Commissioner McCreevy welcomed the principles and
guidelines regarding private pools of capital recently
issued by the President’s Working Group on Financial
Markets. "We must also cooperate with other leading
jurisdictions to ensure that the global dimensions of
these businesses are properly taken into account. In
that respect, I very much welcome recognition of the
need for international supervisory cooperation in the US
initiative," he said.
Both Commissioner McCreevy and Deputy Secretary Kimmitt
welcomed Chancellor Merkel’s proposal to launch a
Transatlantic Economic Partnership at the
US-EU Summit
and pledged to continue working toward that goal through
the informal and cooperative structure of the Dialogue.
For further information please visit:
http://www.eurunion.org/newsweb/HotTopics/EuroFinance.htm
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Further Contact Information
Press and Public Diplomacy
Delegation of the European Commission
2300 M Street, NW
Washington, DC 20037
http://www.eurunion.org/PressRoom
Tel: 202-862-9552
Fax: 202-429-1766
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