CFTC and German Regulators sign MoU over clearing houses

US regulator, the Commodity Futures Trading Commission (CFTC) and German regulator, BaFin, have signed a MoU related to the supervision of clearing houses that operate on a cross-border basis in both the US and Germany. This is part of the US regulators plan to increase efforts to achieve international harmonisation of swap trading rules and clearing house stress testing standards after naming them as priorities for 2016.

Friday, January 29, 2016

The Commodity Futures Trading Commission, German regulators Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank (Bundesbank) have entered into a memorandum of understanding (MOU) related to the supervision of clearing organizations that operate on a cross-border basis in both the United States and Germany. The MOU addresses various circumstances in which the CFTC intends to cooperate with BaFin and Bundesbank in the interest of fulfilling their respective regulatory mandates.

The MOU is available here.