The Council of the European Union updated a proposal to require systemically significant foreign central counterparties to adopt the EMIR and adhere to regulation by the European Securities and Markets Authority and the European Central Bank.
The CFTC and the North American Securities Administrators Association signed an agreement to share confidential information in order to improve and increase the impact of enforcement-related activities.
The CFTC and the European Securities and Markets Authority ("ESMA") signed a Memorandum of Understanding regarding ESMA's recognition of U.S. derivatives clearing organizations as central counterparties.
