Republican law maker tells Fed to stop negotiating on global regs

A letter from a top Republican Congressman in the US has asked that Federal Reserve Chair Janet Yellen halt participation in all international agreements aimed at setting global financial regulatory standards.

  • By Jean Comte, Sam Kerr
  • 01 Feb 2017

In the letter viewed by GlobalCapital, Congressman Patrick McHenryof North Carolina, vice-chairman of the House Financial Services Commitee, said that the Fed’s continuing participation in international forums on financial regulation run contrary to the “message delivered by President Donald Trump in prioritising America’s interest in international negotiations.”

McHenry ...

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