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Legal Update

FDIC and FSA Sign Agreement to Increase Cooperative Cross-Border Framework for Emergency Planning and Action

8 July 2008
Mayer Brown Legal Update
8 July 2008 - The Federal Deposit Insurance Corporation (FDIC) and the United Kingdom's Financial Services Authority (FSA) signed a memorandum of understanding (MOU) on June 25, 2008, providing for increased information-sharing and coordinated regulatory efforts to address future emergency situations in connection with cross-border banking activities.

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