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Finance

Commission sets out its equivalence policy with non-EU countries and presents its recent EU equivalence decisions

Description

The European Commission takes stock of its overall approach to equivalence in the area of financial services, and assesses to what extent third countries' regulatory regimes achieve the same outcomes as its own rules.

Separately, the Commission has adopted equivalence decisions for financial benchmarks administered in Australia and Singapore.

It has also repealed for the first time existing equivalence decisions in the field of Credit Rating Agencies for Argentina, Australia, Brazil, Canada, and Singapore.

See also