Over recent years, we have seen too many examples around the world where not enough attention was paid to these fundamentals and, as a result, the reputation of the finance sector has been badly tarnished. The work of the CFA in promoting the highest standards of ethics and professional excellence is helping to return the focus on these fundamentals.
I understand that the SEC is advancing negotiations on a similar MOU with the FIU. The message, Ladies and Gentlemen, is that the country’s three financial regulators are cooperating and sharing information. This demonstrates our commitment to strengthening regulatory oversight which should result in a stronger and safer financial system.