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SEC Chairman Cox and Fed Chairman Bernanke signed a memorandum of understanding that will deepen their information sharing and co0operation.
The MOU specifically covers bank holding companies and so-called Consolidated Supervised Entities that own securities firms.
“The MOU finalized between the SEC and the Federal Reserve is consistent with the long-term vision of Treasury's Blueprint for a Modernized Regulatory Structure and should help inform future decisions as our Congress considers how to modernize and improve our regulatory structure”, SEC Chairman Cox said.
The SEC recently entered into a similar MOU with the Commodity Futures Trading Commission. An agreement between the SEC and the Department of Labor is anticipated later this summer