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It was a pleasure interviewing Europe’s capital markets chief, Steven Maijoor, at Georgetown Law. Among the interesting observations:
First, that decisions on cross-border equivalence are not yet finished and that negotiations were continuing. Second, that Facebook’s cryptocurrency at least as of last week, was still viewed as a routine point of regulatory concern. Third, that ESMA’s approach as to the treatment of cross-border clearinghouses was under review before Brexit, though the decision had accelerated the need to reexamine the issue.