Randall S Kroszner: The effect of removing geographic restrictions on banking in the United States - lessons for Europe Remarks by Mr Randall S Kroszner, Member of the Board of Governors of the US Federal Reserve System, at the Conference on the Future of Financial Regulation, London School of Economics, London, 6 April 2006.
A second challenge is to ensure that the relevant EU and Member State regulatory and supervisory authorities can assert jurisdiction over Libra and its network. But how can this be done when the entities behind Libra are located outside the EU?