The Financial Conduct Authority (FCA) and the Bank of England, including the Prudential Regulation Authority (PRA), have agreed on a Memorandum of Understanding (MoU) that sets out how they cooperate with one another in relation to the supervision of markets and market infrastructure, which includes financial markets infrastructures (FMIs).  The FCA and the Bank concluded that the MoU’s arrangements for cooperation over the first 11 months of the authorities’ new responsibilities have worked well.  The FCA and the Bank continue to refine their cooperative working arrangements and welcome the industry’s suggestions for some areas of consideration.  Memorandum of Understanding.