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ARTICLE · 15 MARCH 2010

London Update: UK Financial Services Regulatory Developments (March 2010)

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On 1 February, the Financial Services Authority (FSA) and the Securities and Exchange Commission (SEC) announced the results of a meeting held between Lord Turner and Hector Sants, Chairman and Chief Executive of the FSA respectively, and Mary Schapiro, SEC Chairman.

United KingdomFinance and Banking
Katten Muchin Rosenman LLP
Katten Muchin Rosenman LLP
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This edition covers UK and EU developments between 1 February and 28 February 2010.

UK DEVELOPMENTS

SEC and FSA Announce Results of Strategic Dialogue Meeting

On 1 February, the Financial Services Authority (FSA) and the Securities and Exchange Commission (SEC) announced the results of a meeting held between Lord Turner and Hector Sants, Chairman and Chief Executive of the FSA respectively, and Mary Schapiro, SEC Chairman.

The announcement disclosed that the UK and US regulators discussed, among other matters: corporate governance and executive compensation; regulation of hedge funds and investment advisers and the protection of customer assets; disclosure regimes around client asset risks; market infrastructure, particularly relating to central counterparties for OTC derivatives; market supervision; and cooperation on cross-border supervision.

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