US CFTC and APRA sign MoU on supervision of cross-border regulated firms
The US Commodity Futures Trading Commission (CFTC) and the Australian Prudential Regulation Authority (APRA) have signed a Memorandum of Understanding (MOU) on the supervision of cross-border regulated firms.
The agreement, which was signed by CFTC chairman Tim Massad and his APRA counterpart Wayne Byres, will see the two organisations cooperate and exchange of information in the supervision and oversight of regulated firms that operate on a cross-border basis in the United States and in Australia.
Through the MOU, the CFTC and APRA are demonstrating willingness to cooperate in the interest of fulfilling their respective regulatory mandates. The scope of the MOU includes swap dealers and major swap participants.