CFTC Signs MoU with German authorities

The US Commodity Futures Trading Commission (CFTC) says that its chairman Timothy Massad signed a Memorandum of Understanding (MoU) with the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank (Bundesbank) regarding co-operation and the exchange of information in the supervision of clearing organisations that operate on a cross-border basis in the United States and in Germany.

Through the MOU, the CFTC and the BaFin and Bundesbank express their willingness to co-operate in the interests of fulfilling their respective regulatory mandates with respect to cross-border clearing organisations.