June 16, 2010
U.S. Commodity Futures Trading Commission and Alberta Securities Commission Sign Memorandum of Understanding to Enhance Supervision of Cross-Border Clearing Organizations
Washington, DC – Leaders of the U.S. Commodity Futures Trading Commission (CFTC) and Alberta Securities Commission (ASC) signed a new Memorandum of Understanding (MOU), which took effect on June 10, 2010, to enhance cooperation and the exchange of information relating to the supervision of cross-border clearing organizations.
The MOU will help to ensure the sound oversight of clearinghouses providing services in both the United States and Alberta, Canada, and also will help to promote financial integrity and appropriate customer protection in the global derivatives markets.
The MOU was signed by CFTC Chairman Gary Gensler and ASC Chair and Chief Executive Officer Bill Rice.---
R. David Gary
Last Updated: June 16, 2010