MFA Comment Letter to the Committee of European Securities Regulators in Response to its Call for Evidence on Mutual Recognition with Non-European Union Jurisdictions

MFA submitted a letter to the Committee of European Securities Regulators today in response to its Call for Evidence on mutual recognition with non-European Union jurisdictions. In our letter, we: (i) recommend that policy makers and regulators continue to work toward the goal of enhancing international coordination and harmonization with respect to their regulatory reform efforts; (ii) express concern with European requirements to clear European-linked credit default swaps through a central counterparty that is located within the EU; and (iii) recommend that policy makers coordinate efforts with respect to regulation of hedge funds, consistent with the principles in the G-20’s post-London Declaration and the International Organization of Securities Commissions’ Hedge Funds Oversight Final Report.

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