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Screenshot of a breaking news alert e-mail from Q2 2017
Through the MoU, the CFTC and the BaFin and Bundesbank express their willingness to cooperate in the interest of fulfilling their respective regulatory mandates with respect to cross-border clearing organizations.
The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank (Bundesbank) 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 Germany.
To see the MoU click here.