these regulatory constraints are synchronized to a significant degree across all jurisdictions this means that the financial regulations in EU & USA will have an analogous functional effect (although not the same!). so you can expect similar frameworks across several countries

Illya Gerasymchuk 2025-08-17 16:56

since all dealers are subject to functionally similar regulatory constraints, they're also subject to functionally similar set of balance sheet constraints this is important to remember in the context of global liquidity, especially in terms of pro-cyclical effects