Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Monday, Nov 30, 2020

British and U.S. financial regulators renew co-operation deal

British and U.S. financial regulators renew co-operation deal

The Bank of England and the U.S. Commodities and Futures Trading Commission (CFTC) said they had signed a new agreement on Tuesday to cooperate on the supervision of cross-border clearing of financial transactions.
The BoE said the new memorandum of understanding superseded an earlier one signed in 2009, to take account of changes since Britain had left the European Union in January.

“The CFTC and the BoE express their willingness to cooperate in the interest of fulfilling their respective regulatory mandates, particularly in preserving the benefits of cross-border clearing activity,” the BoE said.
Newsletter

Quote of the Day

Stop chasing the money and start chasing the passion.

Tony Hsieh
Related Articles

Hong Kong News
×