It is an old cliché that the European Union only advances in the wake of a crisis. Recently though, it has seemed like every time the EU takes action its response is deemed too little too late.

On Monday, February 7, the Atlantic Council’s Global Business and Economics Program and Thomson Reuters hosted the European launch of their report, “The Danger of Divergence: Transatlantic Cooperation on Financial Reform” at the European Parliament in Brussels.

The Atlantic Council and Thomson Reuters launched their report, “The Danger of Divergence: Transatlantic Cooperation on Financial Reform” on Wednesday, October 6, in the Senate Banking Committee Room.

This report focuses on defining the major issues in financial regulation that demand transatlantic cooperation, and putting them in their global context.  It analyzes the effects of proposed rules on the US and European economies, including the impact on the real economy and especially the business sector, and outlines concrete recommendations for policymakers.

The Atlantic Council hosted U.S. Senator Christopher Dodd (D-CT)--Chairman of the Senate Banking Committee and co-author of the Dodd-Frank financial reform bill--for a discussion on the state of financial reforms in the United States and around the world.

As with the venerable E. F. Hutton before him, when Joe Ackermann talks, people listen.  Especially when he's talking about fixing the problems that led to the financial crisis.

Will Rogers famously quipped that every time the U.S. Congress wished to make a joke, it passed a law and every law it passed turned out to be a joke.

The Atlantic Council welcomed French Finance Minister Christine Lagarde for an in-depth, on-the-record discussion that provided deep insight into the dynamics in Europe.