PRA and FCA agree to wording of MoUs with EBA

Chris Hamblin

26 March 2019

Now that they have agreed on the form of MoU that the British authorities will sign with each and every one of the EU bodies, the parties are looking forward to "uninterrupted information-sharing and supervisory co-operation in the event of a no-deal scenario."

Andrew Bailey, the chief executive of the Financial Conduct Authority, said: “There will be no interruption in exchange of supervisory information in the event of a no-deal exit from the EU.”