The Bank of England and the FCA co-operate on the supervision of financial market infrastructures (FMIs). To review the memorandum of understanding (MoU) which provides the framework for supervisory co-operation the Bank and FCA held a consultation with FMIs to review their co-operation regarding market infrastructure in 2021.
The authorities concluded that the MoU’s arrangements for co-operation remain effective and have re-affirmed their commitment to co-operate domestically and internationally. See the findings.