Sebi signs MoU with Bank of England to strengthen oversight of clearing corporations

What happened: Sebi signed a Memorandum of Understanding with the Bank of England to establish a cooperation framework on central counterparties (CCPs), per a Sebi circular. Why it matters: The MoU lets the Bank of England place reliance on Sebi's regulatory and supervisory activities while safeguarding UK financial stability, and Sebi cited cross-border regulatory cooperation as important for international clearing activities.

Sebi signed a Memorandum of Understanding with the Bank of England to establish a cooperation framework on central counterparties (CCPs), per a Sebi circular.

The MoU lets the Bank of England place reliance on Sebi's regulatory and supervisory activities while safeguarding UK financial stability, and Sebi cited cross-border regulatory cooperation as important for international clearing activities.