Peer review needed to prevent regulatory arbitrage, says AMF

Peer pressure needs to be brought to bear on national regulators to ensure post-crisis reform doesn't give rise to loopholes and arbitrage opportunities, according to Edouard Vieillefond, head of the international and regulation affairs division at the Autorité des Marchés Financiers (AMF) in Paris. As things stand, there's no system to ensure individual countries are complying with commitments made at the Group of 20 (G-20) level – or to identify discrepancies at the technical level – he argues