FSA teams up with US agency to monitor firms

first_img whatsapp FSA teams up with US agency to monitor firms KCS-content whatsapp Show Comments ▼ Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 20 September 2010 9:15 pm Tags: NULL THE FINANCIAL Service Authority (FSA) has signed a deal with one of its US counterparts in a bid to more closely supervise the world’s largest securities firms and markets, it said yesterday.The FSA signed a memorandum of understanding with the US Financial Industry Regulatory Authority (FINRA) on 15 September, agreeing to share information on firms under common supervision and collaborate on some investigations.The FSA’s managing director of supervision Jon Pain said: “Given the linkages between our markets, it is vital that both regulators cooperate closely with each other; this [agreement] will enhance the supervision of firms and financial markets in both the UK and the US.”FINRA is the largest private regulator of securities firms operating in the States, and has contracts to oversee several markets including the New York Stock Exchange and NASDAQ. Chief executive and chairman Richard Ketchum said in a statement yesterday: “To ensure consumer protection and market integrity in today’s global market, regulators must work together with key regulatory partners.” last_img

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