ADGM FSRA and Greece’s HCMC Sign MoU to Strengthen Cross-Border Market Supervision

The Financial Services Regulatory Authority and the Hellenic Capital Market Commission have signed a Memorandum of Understanding (MoU) establishing a formal framework for regulatory cooperation and mutual assistance between the two authorities.

The agreement was signed by Emmanuel Givanakis, CEO of the FSRA of ADGM, and Vasiliki Lazarakou, Chair of the HCMC, marking a structured step toward closer coordination between the Abu Dhabi Global Market financial ecosystem and Greece’s capital markets regulator.

Framework for Supervision, Information Sharing, and Enforcement Support

The MoU sets out a practical mechanism for cooperation between the two regulators in the supervision and oversight of capital markets activity. It includes structured information exchange, mutual assistance within their respective regulatory mandates, and coordinated approaches to oversight where cross-border activity is involved.

A key focus of the agreement is strengthening market integrity and investor confidence across both jurisdictions, particularly as financial activity becomes increasingly global and interconnected.

The framework also extends to cooperation on shared regulatory priorities, including the prevention of money laundering, terrorist financing, and proliferation financing, as well as ensuring compliance with applicable sanctions regimes.

Strengthening International Regulatory Networks

Emmanuel Givanakis, CEO of the FSRA, said the agreement represents an important step in deepening international regulatory cooperation, noting that closer engagement with global counterparts reinforces the authority’s commitment to high standards of market integrity, transparency, and effective supervision.

Vasiliki Lazarakou, Chair of the HCMC, said the MoU strengthens the commission’s cooperation with regulatory authorities outside the European Union, contributing to more effective oversight and enhanced market confidence.

Cross-Border Regulation in a Fragmented Financial System

The agreement reflects a broader trend among global regulators to formalize cross-border coordination frameworks as capital markets become increasingly digitized and interconnected. As trading activity, financial instruments, and market infrastructure expand beyond domestic boundaries, regulators are placing greater emphasis on information sharing and joint supervisory capacity.

By aligning on enforcement cooperation and supervisory standards, both authorities aim to improve their ability to respond to cross-border risks while supporting the resilience and integrity of global capital markets.