The US Commodity Futures Trading Commission (CFTC) and the UK Financial Conduct Authority (FCA) have signed a memorandum of understanding (MOU) regarding the supervision of cross-border regulated firms.
The MOU, which was signed by CFTC chairman Timothy Massad (pictured) and FCA chief executive Andrew Bailey, covers the exchange of information in the supervision and oversight of certain regulated firms that operate on a cross-border basis in the US and in the UK.
The scope of the MOU includes the 20 firms registered with the CFTC as swap dealers.
