The UK Chancellor of the Exchequer named Andrew Bailey as the next Governor of the Bank of England.

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 UK Financial Conduct Authority agreed to facilitate collaboration, share information and support each other's FinTech initiatives.

The Office of Financial Research academics analyzed the effects of "procyclical" central counterparty margin requirements.

The CFTC and the UK Financial Conduct Authority signed a Memorandum of Understanding addressing cooperation and supervision over certain regulated firms that operate on a cross-border basis in the United States and the United Kingdom.

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.

The UK Chancellor of the Exchequer announced today that Mark Carney, current governor of the Bank of Canada and Chairman of the Financial Stability Board, will succeed Sir Mervyn King as governor of the Bank of England on July 1, 2013. Carney will serve a fixed term of eight years and will hold new...