24 October 2017
visit www.atos.net

Finra and AMF ink market surveillance MoU

29 October 2009  |  1149 views  |  0 Source: Financial Industry Regulatory Authority

Richard G. Ketchum, Chairman and CEO of the Financial Industry Regulatory Authority (Finra), and Jean-Pierre Jouyet, Chairman of the Autorité des marchés financiers (AMF), signed on 19 October 2009 a memorandum of understanding (MoU) on information-sharing with a view to strengthening and improving cooperation in the surveillance and supervision of the markets under their jurisdictions.

The memorandum establishes a formal basis for cooperation among FINRA and the AMF in order to more effectively conduct their oversight of regulated markets and financial firms.

FINRA is the self-regulatory organisation responsible for regulating and overseeing broker-dealers in the United States and for supervising a number of markets.

Commenting, Jean-Pierre Jouyet said: "I welcome this agreement with FINRA Chairman and CEO Richard G. Ketchum, which strengthens our cooperation with the United States in the field of investigations and market surveillance. Surveillance and transparency are more important than ever and demand close cooperation between regulators".

"We are very pleased to sign this Memorandum of Understanding with the AMF," said Ketchum "Both FINRA and the AMF share significant common ground in our mission to protect investors and ensure the integrity of capital markets. In today's global environment, international regulatory cooperation is more important than ever. We look forward to a long and productive partnership with the AMF."

The MoU has two main aims:

* organise the transmission of information between authorities regarding market surveillance and investigations into market abuse;
* facilitate the sharing of information on trading by firms coming within the two authorities' respective jurisdictions.

The agreement will also allow the AMF and FINRA to keep each other informed about practices in their markets and about issues concerning financial markets in general.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.niceactimize.comvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20230 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15430 views comments | 24 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11102 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9225 views comments | 15 tweets | 29 linkedin

Featured job

Find your next job