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Home > Financial Stability > News for FMIs

News for FMIs

The transfer of responsibility to the Bank for supervision of central counterparties and securities settlement systems became effective on 1 April 2013.

Recent announcements

23 August 2017

The Bank of England (BoE), the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR) have a Memorandum of Understanding (MoU) that sets out the high-level framework the Authorities use to cooperate with one another, in relation to payment systems in the UK. The Financial Services (Banking Reform Act) 2013 requires the Authorities to review this MoU annually. The Authorities committed that this review would include feedback from regulated entities, and that a summary of the review’s findings would be published. 2017 saw the second such review.

The BoE’s Deputy Governor for Financial Stability, the FCA Board, the PRA’s Deputy Governor for Prudential Regulation and the PSR Board have reviewed how the MoU is working. They have considered the views of industry and staff, concluding that cooperation and coordination under the MoU is working well. Building on the initiatives identified in the 2015 review and implemented over the last year, the authorities have identified a number of areas to further improve cooperation and coordination, which are largely procedural in nature; these will be implemented over the coming year.  In conducting this review, the Authorities emphasised their on-going commitment to working closely together on issues of common regulatory interest and avoiding duplication.

4 August 2017

The Bank of England publishes a consultation paper on levying fees for financial market infrastructure supervision.

22 February 2017

The United Kingdom’s financial market infrastructure is critical to the smooth functioning of the financial system. The Bank of England’s supervision of financial market infrastructures – Annual Report, published today, sets out how the Bank has exercised its responsibilities in respect of supervising financial market infrastructure over the past year. It also looks at how the Bank is at the forefront of both domestic and international work to strengthen both regulatory standards and supervisory frameworks for the supervision of FMIs going forward. A short video from David Bailey – Director Financial Market Infrastructure Directorate, tasked with day-to-day supervision of financial market infrastructure – introducing the report is below, alongside a link to the full report.

The Bank of England's supervision of financial market infrastructures - Annual Report
February 2017