TTIP won’t be ambitious without regulatory cooperation for financial services

The  Transatlantic Trade and Investment Partnership (TTIP) must treat financial services in a comprehensive manner that addresses both the market access and regulatory cooperation dimensions as proposed for every other sector in the agreement. This was the main message of the joint letter BUSINESSEUROPE and the U.S. Chamber of Commerce sent to Commissioner Cecilia Malmström and US Trade Representative Michael Froman ahead of their stocktaking exercise. It is difficult to see an ambitious TTIP that fails to treat financial services in a comprehensive manner.