FSA and SEC hold strategic talks on market surveillance

FSA chief executive Hector Sants met with SEC chairman Mary L Schapiro as part of the SEC-FSA Strategic Dialogue sessions established in 2006. The purpose of the dialogue is for the two agencies to engage at senior levels on current matters affecting the UK and US capital markets and areas of future collaboration. Today's talks included discussion on regulatory reform, oversight of over-the-counter derivatives trading and clearing, market structure issues including high frequency trading, market surveillance and short selling. The SEC and the FSA also used the meeting to restate th...