United States:
US Commodity Futures Trading Commission And Australian Authorities Sign Memorandum Of Understanding To Enhance Supervision Of Cross-Border Clearing Organizations
17 June 2014
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On 5 June 2014, the US Commodity Futures Trading Commission
("CFTC") announced that the CFTC and the Reserve Bank of
Australia and Australian Securities and Investments Commission
("Australian Authorities") have entered into a Memorandum
of Understanding ("MOU") regarding cooperation and the
exchange of information in the supervision and oversight of
clearing organizations that operate on a cross-border basis in the
United States and in Australia.
Through the MOU, the CFTC and the Australian Authorities express
their willingness to cooperate in the interest of fulfilling their
respective regulatory mandates.
The full text of the CFTC and Australian Authorities MOU is
available at:
http://www.cftc.gov/ucm/groups/public/@internationalaffairs/documents/file/cftc-rba-asic-clearingmou06051.pdf
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Secured Creditor Chapter 11 Considerations
Trenam Law
Lenders are naturally in a reactionary position when their borrowers file for Chapter 11. Following these tips will help position them for the best possible outcome.
Dos And Don'ts Of Interacting With Bank Regulators
Goodwin Procter LLP
Supervision is a daily fact of life for bank boards and management. Below, we offer strategies for how both board members and members of management can ensure that the supervisory process goes as smoothly as possible.