BoE to get new FMI supervision department

Bank of England building in London

A new team at the Bank of England will take over supervision of financial market infrastructures (FMIs) in April next year, following the transition from the Financial Services Authority to the new ‘twin peaks' structure of regulation.

A report published today (December 18), reveals the FMI supervisory department will operate separately from, but in co-operation with, the Bank of England's new financial stability arms, the Prudential Regulation Authority and Financial Policy Committee. The FMI s

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