US watchdog wants to ensure consistency around the globe by working with peers
The US Commodity Futures Trading Commission (CFTC) has
signed an agreement with two Australian regulatory bodies to
coordinate in overseeing the operations of cross-border
clearing firms in their jurisdictions.
The memorandum of understanding (MOU) between the agencies
is the latest move by the CFTC to harmonise global regulation,
following a recent setback when a similar deal with the
European Commission was ignored by European firms.
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