The FSA has announced that its Chief Executive, Hector Sants, and Mary Shapiro, chairman of the US Securities and Exchange Commission (SEC), will explore approaches to reporting and other regulatory requirements for key market participants such as hedge funds and their advisers.

In their recent meeting, the fourth of the SEC-FSA Strategic Dialogue, they agreed to establish a common set of data to obtain from hedge funds and their advisers in order to help them identify risks. Their meeting also covered over-the-counter derivatives markets and central clearing; accounting issues; regulatory reform; credit rating agency oversight; short selling; and corporate governance and compensation practices.

View FSA and SEC discuss approaches to global regulatory requirements, 16 September 2009