CFTC to Japan- it’s good to talk
The CFTC has signed a Memorandum of Cooperation (MOC) with the Financial Services Agency of Japan. The MOC lays out the basis for the exchange of information for the supervision of regulated entities that operate cross-border between Japan and the U.S. The MOC’s scope includes markets and organized trading platforms, central counterparties, trade repositories, and intermediaries, dealers, and other market participants. Although the CFTC has already signed over 20 similar memoranda, the size of the Japanese markets renders this one more noteworthy. This explicit collaboration between agencies of two of the largest derivatives-trading jurisdictions marks another incremental step on the long road to globally joined-up regulation.
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