The European Central Bank and the Bank of England:

  • have agreed enhanced arrangements for information exchange and cooperation regarding UK central counterparties (CCPs) with significant euro-denominated business; and
  • are extending the scope of their standing swap line in order, should it be necessary and without pre-committing to the provision of liquidity, to facilitate the provision of multi-currency liquidity support by both central banks to CCPs established in the UK and euro area respectively.

View European Central Bank and Bank of England announce measures to enhance financial stability in relation to centrally cleared markets in the EU, 29 March 2015