United Kingdom (and EU regulation)

BoE policy statement on statements of procedure on its supervision of financial market infrastructures

By Simon Lovegrove (UK) on July 25, 2014 Posted in Clearing and settlement, United Kingdom

The Bank of England (BoE) has published a policy statement setting out two statutory statements of procedure on its supervision of financial market infrastructures. The two statements relate to recognised clearing houses (RCHs) and qualifying parent undertakings of UK RCHs (QPUs) and cover the BoE’s:

decision-making framework for giving warning and decision notices to RCHs and QPUs; and
procedure on publishing information about statutory notices given to RCHs and QPUs.

View Policy statement: statutory statements of procedure in respect of the Bank of England’s supervision of financial market infrastructures, 24 July 2014