SIFMA President & CEO and GFMA CEO Tim Ryan opens the event by emphasizing the importance of the world's largest and most comprehensive trading relationship shared by the U.S. and Canada, which supports millions of jobs. Mr. Ryan outlines a number of regulatory reform issues that are poised to impact cross-border trading globally. He notes that financial institutions and regulators in Canada and the U.S. strongly agree on the broad objectives of financial regulatory reform: we need to create safety and soundness in the financial system, while balancing that goal with the legitimate need to facilitate economic growth and encourage international competitiveness. But, as with many things, the devil is often in the details. It is critical that our two countries continue to work together to continue and improve the flow of capital between our two countries.
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