ECB MoU with BoE and FCA on supervisory co-operation

Written by Ciara Davies

The European Central Bank (ECB) has published a memorandum of understanding (MoU) that it entered into with the Bank of England (BoE) and the FCA on post-Brexit supervisory co-operation.

The MoU formalises supervisory co-operation and information sharing arrangements with particular focus on prudential supervision of supervised entities and their cross-border establishments.

 The ECB’s accompanying press release explains that going forward the ECB will publish all MoUs entered into on its webpage as soon as the other signatory authorities have consented to publication.