Financial market infrastructures (FMIs) perform a vital economic function. They enable payments for goods and services, record ownership of bonds and shares, and help financial market participants manage risk. 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 outlines the Bank’s domestic and international policy work to strengthen the regulatory and supervisory frameworks for FMIs, and sets out the Bank’s priorities for its FMI work in 2019.
The Bank has also produced a short video which sets out what FMIs are and why they are important.