The Bank of England and the Financial Conduct Authority have published a joint review of how their Memorandum of Understanding on the supervision of financial market infrastructures (FMIs) is working. After consulting FMIs on cooperation between the two authorities over the past 12 months, they concluded that the arrangements remain effective, with appropriate coordination and no material duplication. The review covers the authorities' cooperation in supervising FMIs. It also notes that both authorities continue to look for ways to improve the effectiveness of supervision through efficient coordination.
Financial Conduct Authority2026-06-05
United Kingdom's Financial Conduct Authority and Bank of England conclude FMI supervision cooperation remains effective with no material duplication
The Bank of England and the Financial Conduct Authority published a joint review of their Memorandum of Understanding on the supervision of financial market infrastructures and concluded that existing cooperation and coordination arrangements remain effective, with no material duplication. The authorities also signalled they will continue to seek further improvements in supervisory effectiveness through more efficient coordination.