CFTC Signs MOU with UK Financial Conduct Authority to Enhance Supervision of Cross-Border Regulated Firms
The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad and Andrew Bailey, Chief Executive of the Financial Conduct Authority (FCA), signed a Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of certain regulated firms that operate on a cross-border basis in the United States and in the United Kingdom.
Through the MOU, the CFTC and FCA express their willingness to cooperate in the interest of fulfilling their regulatory mandates. The scope of the MOU includes the 20 firms registered with the CFTC as swap dealers.
Source: CFTC
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