Regulatory Alerts2022-03-29
MoU between Bank of England and New Zealand Regulators on Central Counterparties
The Bank of England, the Reserve Bank of New Zealand, and the Financial Markets Authority established this Memorandum of Understanding to formalize cooperation in the supervision of central counterparties. The agreement mandates the exchange of information and investigative assistance to manage risks, conduct joint on-site visits, and coordinate responses during emergency situations involving regulated clearing entities. It further outlines specific protocols for confidentiality, enforcement actions, and recovery planning to ensure effective cross-border regulatory oversight.
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