The Bank of England's approach to the supervision of financial market infrastructures. In its supervision of financial market infrastructure the Bank will work closely with the Financial Conduct Authority (FCA) reflecting the FCA’s responsibilities for the trading infrastructure and market conduct.  A Memorandum of Understanding has been agreed between the Bank, FCA and Prudential Regulation Authority (PRA) for supervision of markets and market infrastructure. The Bank will also work closely with overseas authorities which have an interest in UK-based systems that support global markets.