Ms. Phillips examines whether national financial market regulatory systems should be harmonised in the light of international competition Remarks by Ms. Susan M. Phillips, a member of the Board of Governors of the US Federal Reserve System, at the Seminar on Banking Soundness and Monetary Policy in a World of Global Capital Markets sponsored by the International Monetary Fund and held in Washington on 28/1/97.
It is a pleasure to be here today to discuss a topic that has become more important in a world of global financial markets -- the matter of coordinating and harmonizing our national regulatory systems. On the conference agenda, the topic was phrased as a question, that is, whether we should harmonize our systems.