Finance 30 October 2026
SEBI and Bank of England Sign MoU to Strengthen Regulatory Cooperation on Clearing Corporations
Why in the News?
Markets regulator Securities and Exchange Board of India (**SEBI**) and the **Bank of England (BoE)** have signed a Memorandum of Understanding (MoU) to strengthen bilateral cooperation and information exchange concerning clearing corporations and central counterparties (CCPs) recognised by the Indian regulator.
Key Features / Major Points:
- Scope of Agreement: The MoU establishes a framework for regulatory and supervisory cooperation regarding central counterparties in accordance with their respective domestic laws and regulations.
- Financial Stability Safeguard: Enables the Bank of England to rely on SEBI’s regulatory oversight while safeguarding the financial stability of the United Kingdom.
- Boosting Cross-Border Operations: Emphasises the critical importance of cross-border regulatory cooperation in facilitating international clearing and settlement activities.
Static GK Facts:
- Securities and Exchange Board of India (SEBI):
- Established: **April 12, 1988** (Statutory powers conferred on **January 30, 1992** via SEBI Act, 1992).
- Headquarters: **Mumbai, Maharashtra**.
- Current Chairperson: Tuhin Kanta Pandey.
- Bank of England (BoE):
- Central Bank of the UK | Established: **1694** | Headquarters: **London, United Kingdom**.
One-Liner Quiz (All Competitive Exams):
Q: SEBI recently signed an MoU with which central bank to strengthen cooperation regarding clearing corporations?
A: Bank of England (United Kingdom)
Q: In which year was statutory status conferred upon SEBI through an Act of Parliament?
A: 1992
Q: Where is the headquarters of the Securities and Exchange Board of India (SEBI) located?
A: Mumbai, Maharashtra
#SEBI #BankOfEngland #RegulatoryCooperation #ClearingCorporations #FinancialMarkets #CurrentAffairs #StaticGK