Securities and Exchange Commission Chairman Mary Schapiro and UK Financial Services Authority (FSA) Chairman Adair Turner and Chief Executive Hector Sants met in London today as part of the SEC-FSA Strategic Dialogue. The purpose of the Dialogue, established in 2006, is to engage at the senior levels of the two agencies on current matters affecting the U.S. and UK capital markets and areas of future collaboration. This was the fifth meeting of the Dialogue.
Some of the areas of mutual interest discussed during today's meeting included:
* Corporate governance and executive compensation
* Disclosure regimes around client asset risk
* Regulation of hedge funds and investment advisers and the protection of customer assets
* Market infrastructure, particularly relating to central counterparties for OTC derivatives
* Market supervision
* Cooperation on cross-border supervision
See full Press Release.
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