Financial regulators from the United States and Korea met last week and agreed to establish a dialogue to enhance the quality of regulatory discussions, foster regulatory transparency and effectively address key issues for cooperation in cross-border securities enforcement investigations.

Securities and Exchange Commission Chairman Christopher Cox and Korea Financial Supervisory Commission Chairman Yoon Jeung-Hyun met in Washington to strike an agreement similar to that made in other major markets. Those include the Committee of European Securities Regulators, the Japan Financial Services Agency and the China Securities Regulatory Commission.

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