The Commodity Futures Trading Commission has signed a memorandum of understanding (MOU) with two Korean regulators, the Korean Financial Services Commission and the Korean Financial Supervisory Service to enhance the oversight of clearing organizations operating in both the United States and the Republic of Korea. The MOU emphasizes the importance of working collaboratively as clearing organizations become more globalized and face the ongoing risks associated with financial crises and other emergency events. The MOU seeks to foster increased information exchange through event-triggered notifications, request-based information sharing and periodic meetings.

The MOU is available here. The CFTC press release regarding the MOU is available here.