The US Commodity Futures Trading Commission and UK Financial Services Authority have signed a memorandum of understanding to enhance cooperation and the exchange of information relating to
The US Commodity Futures Trading Commission and UK Financial Services Authority have signed a memorandum of understanding to enhance cooperation and the exchange of information relating to the supervision of cross-border clearing organisations.
The memorandum is a step towards ensuring the sound oversight of clearing houses providing services in both the US and the UK and aims to help promote market integrity and appropriate customer protection in the global derivatives markets.
The memorandum was signed by CFTC chairman Gary Gensler and FSA chief executive Hector Sants (pictured) at a meeting in Washington yesterday and took effect immediately.
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