Treasury recommends that U.S. regulators and Treasury sustain and develop technical level dialogues with key partners, informed by previous outreach to industry, to address conflicting or duplicative regulation.
Treasury recommends that U.S. regulators seek to reach outcomes-based, non-discriminatory substituted compliance arrangements with other regulators or supervisors with the goal of mitigating the effects of regulatory redundancy and conflict when it is justified by the quality of foreign regulation, supervision, and enforcement regimes, paying due respect to the U.S. regulatory regime.
Treasury recommends that U.S. members of standard-setting bodies (SSBs) continue to advocate for and shape international regulatory standards aligned with domestic financial regulatory objectives.
Treasury recommends that U.S. agencies should continue to regularly coordinate policy before as well as after international engagements.
Treasury recommends that U.S. agencies work in international organizations to elevate the quality of stakeholder consultation globally.