ESMA and ASIC Sign MoU for Cooperation on Australian Benchmarks

ESMA and the Australian Securities and Investments Commission (ASIC) signed a Memorandum of Understanding setting out cooperation arrangements in respect of the Australian benchmarks. The Memorandum sets out appropriate cooperation arrangements to complement the equivalence decision of EU as well as to ensure effective information exchange and supervisory coordination. Both authorities agree to provide each other with the fullest cooperation permissible under their laws and regulations in relation to all relevant information and supervisory activities regarding the covered benchmarks. The Memorandum was signed on October 09, 2019 by the ASIC Chair James Shipton and the ESMA Chair Steven Maijoor.