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 2022.
The authorities concluded that overall the MoU’s arrangements for co-operation remain effective and that in the main there has been strong co-ordination and material duplication has been avoided. The authorities re-affirmed their commitment to enhance co-operation domestically and internationally.