On May 28, the German government introduced an amendment to the German Banking Act regarding the license requirements for “third-country” (i.e., non-European) proprietary trading firms seeking access to, or membership of, German trading venues (the Amendment).
Continue Reading Germany Introduces Limited-Scope Exemption for Non-European Proprietary Trading Firms Trading on German Trading Venues
Germany
CFTC and German Regulators Sign Memorandum of Understanding
By Ross Pazzol & James M. Brady on
Posted in CFTC
The Commodity Futures Trading Commission, German regulators Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank (Bundesbank) have entered into a memorandum of understanding (MOU) related to the supervision of clearing organizations that operate on a cross-border basis in both the United States and Germany. The MOU addresses various circumstances in which the CFTC intends to cooperate …