Global regulatory rift threat as EU and US tout diverging paths

The cracks are starting to show between efforts on both sides of the Atlantic to police the global financial system in the wake of the 2008 crisis. A renewed effort proposed this week to dismantle or ease Dodd-Frank in the US and a ratcheting up of pressure on securitization market players in Europe offer a glimpse of global regulatory schism to come, putting ABS markets at the heart of the debate, write Sam Kerr and David Bell.