Regulatory Alerts2015-10-31
Memorandum of Understanding in Respect of Central Counterparties between the Bank of England and New Zealand Regulators
The Bank of England, the Reserve Bank of New Zealand, and the Financial Markets Authority established this Memorandum of Understanding to formalize cooperation and information exchange regarding the supervision of central counterparties. The agreement outlines procedures for assisting with investigations, sharing critical data on financial stability risks, and coordinating on-site visits to ensure effective oversight of regulated entities. It further defines protocols for handling confidential information, enforcement actions, and crisis management to mitigate systemic risks across both jurisdictions.
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