Both financial regulators aim to protect and enhance the integrity and stability of their countries’ financial systems.
The FCA and the AFM also hope to share information and maintain close cooperation to more effectively fulfil their roles as regulators.
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“Given the increasing interconnectedness of financial services markets, having close relationships with other countries’ regulators helps to ensure that we can protect consumers and maintain our oversight of firms and markets,” said Andrew Bailey, chief executive at the FCA.
Merel van Vroonhoven, chair at the AFM, added: “[The FCA’s] choice for the Netherlands will impact our capital markets and trading infrastructure.
“The closer cooperation with the FCA will put us in a better position to protect investors and capital markets through the sharing of information and expertise to minimise risks.”