The SEC establishes cooperation arrangements with the European Securities and Markets Authority and the Cayman Islands Monetery Authority.
The United States Securities and Exchange Commission (SEC) will cooperate with the Cayman Islands Monetary Authority (CIMA) and the European Securities and Markets Authority (ESMA) to strengthen regulatory efforts across national borders.
Information will be shared about regulated entities such as investment advisers, investment fund managers, broker-dealers, and credit rating agencies, following the establishment of two memoranda of understanding (MOUs).
"Supervisory cooperation arrangements help the SEC build closer relationships with its counterparts to cooperate and consult on each other's oversight activities in ways that may help prevent fraud in the long term or lessen the chances of future financial crises," says Ethiopis Tafara, director of the SEC's Office of International Affairs.
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