The Financial Conduct Authority (FCA) and the United States Securities and Exchange Commission (SEC) have reaffirmed their commitment to continue close cooperation and information sharing in the event of the UK’s withdrawal from the European Union (EU).

Andrew Bailey, FCA chief executive, met with Jay Clayton, SEC chairman, and signed two updated Memoranda of Understandings (MOUs) to ensure the continued ability to cooperate and consult with each other regarding the effective and efficient oversight of regulated entities across national borders.

At the meeting in London, Mr Clayton and Mr Bailey also discussed risks p...