CFTC and BoE tie up clearing agreement

By Ross Lancaster
22 Oct 2020

The US Commodity Futures Trading Commission and the Bank of England signed a memorandum of understanding on Tuesday regarding the oversight of derivatives clearing.

The MoU will govern US–UK cooperation and exchange of information when supervising clearing houses that operate between the two countries on a cross-border basis.

The two regulators hailed the MoU, which overwrites a 2009 agreement, as strengthening their relationship. It builds on a 2019 statement from the authorities ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial