The financial market infrastructure firms (FMIs) supervised by the Bank of England (the Bank) are critical to the smooth operation of the UK financial system. They are used every day when we make payments to and from our bank accounts or buy goods and services, and they also play a key role in helping financial market participants manage risk. The UK is also a global financial centre and the smooth and safe operation of UK FMIs is also critical in a global context. The Bank of England’s Annual Report on the supervision of financial market infrastructures, published today, sets out how the Bank has exercised its responsibilities in respect of supervising FMIs since the last report. It also outlines the Bank’s domestic and international policy work to strengthen the regulatory and supervisory frameworks for FMIs.
The Bank has also produced a short video which sets out what FMIs are and why they are important.