EU plots transatlantic bank regulator
Sources indicated that the agreement is seen as the major priority for the UK, given the role of the City in the international economy. It is understood that EU negotiators will push for a core agreement on financial regulation and principles, but also discuss how regulation should be enforced in the future. It is possible that, as a result of the talks, some form of transnational super-regulator could be established, which would take a lead on financial regulation across the two economic super powers.