ESMA and CFTC in derivatives MoU move

The US Commodity Futures Trading Commission (CFTC) says that its chairman Timothy Massad has signed a Memorandum of Understanding (MOU) with the European Securities and Markets Authority (ESMA).

This is in respect of co-operation in the field of derivatives clearing organisations (DCOs) established in the United States that have applied or that may apply to ESMA for recognition as central counterparties.