ISDA CEO Scott O'Malia observed a "genuine eagerness for a global agreement" on bank capital requirements and encouraged U.S. and European regulators, in developing these requirements, to look to common "high-level aims." In particular, Mr. O'Malia cited the goals articulated by the European Commission's current proposed revisions to its capital requirements directive and regulation ("financing the real economy, fostering economic growth, creating jobs and establishing an agreement that offers a consistent a level playing field"). He noted that these goals are consistent with President Donald J. Trump's stated objectives.
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