The FCA has published the Memorandum of Understanding (MoU) that it entered into with the Bank of England (BoE) that sets out how they cooperate with each other in relation to the supervision of markets and market infrastructure.

The FCA and the BoE published their first review of cooperation in 2014 and carried out the second review during 2014.

Martin Wheatley, FCA CEO, and Sir Jon Cunliffe, BoE Deputy Governor Financial Stability have concluded that the MoU’s arrangements have worked well, with appropriate coordination and no material duplication.

View FCA and Bank of England review Memorandum of Understanding for supervision of markets and market infrastructure, 11 March 2015