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.
