The Bank of England’s approach to the supervision of securities settlement systems, central counterparties and recognised payment systems (financial market infrastructures). It aims to enable the public, Parliament, the operators of and participants in infrastructures, and the wider financial system to understand the Bank’s supervisory approach. 

 

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. Supervision of financial market infrastrutures is closely linked to preserving financial stability. The Bank seeks to undertake its supervision of FMIs with a view to protecting and enhancing the stability of the financial system.