Iosco secretary-general slams US and Europe as 'regulatory sharks'

Global securities regulator says both entities need to take a longer-term view

Shark eats big fish eats small fish

Moves by the US and Europe to impose a global regulatory standard on the rest of the world ignore the changing global economic dynamic and leave both polities looking like "regulatory sharks", according to David Wright, secretary general of the International Organization of Securities Commissions (Iosco).

Wright was speaking at the Securities and Futures Commission's 2014 regulatory forum in Hong Kong on Friday when he said that Asia needs to have "one voice" in pushing back on the "policy

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