Japan FSA: cross-border recognition process too slow

US and Europe must recognise third-country rules as equivalent sooner

masamichi-kono
Masamichi Kono, Japan FSA

Moves by European and US regulators to recognise third-country regulations have been slow and lack transparency and there has been little evidence of the 2013 G-20 commitment to pay deference to home country supervisors actually being implemented, according to Masamichi Kono, vice minister for international affairs, at the Japan Financial Services Agency (FSA).

Speaking at the World Federation of Exchanges conference in Seoul today, Kono said that while significant progress has been made in home

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