UPDATE 1-EU financial stability is top priority after Brexit -Dombrovkis

lunes 18 de julio de 2016 17:23 GYT
 

(Adds details on priorities and new forum, reaction)

By Lisa Lambert

WASHINGTON, July 18 (Reuters) - Maintaining the European Union's financial stability is the top priority following Britain's vote last month to leave the bloc, the European Commission's new financial regulatory chief said on Monday.

"Following the UK's decision to leave the EU, ensuring financial stability is our first priority," Valdis Dombrovkis said in a speech in which he laid out his priorities for dealing with the uncertainty stemming from the June 23 referendum and for overseeing banks and institutions in the EU.

Dombrovkis also discussed strengthening ties with the United States, noting that he was visiting the U.S. capital on his first day in his new role.

"What my approach will be: Above all, continuity," he said.

Dombrovkis said he will continue the work of his predecessor, Jonathan Hill, on capital markets and reviewing regulations enacted after the 2007-2009 financial crisis.

He said he had met with his U.S. counterparts, and they were establishing a forum to meet frequently and discuss regulatory cooperation. Through the forum, he will meet with the U.S. Treasury secretary every year.

"This relationship can be driven further in both directions," he said. "We need to talk to each other more often, to clarify the scope of future rules and to ensure we understand impact of regulation on ground."   Continuación...