The UK's central bank - the
Bank of England - has published a report in respect of its
supervision of financial market infrastructures (e.g., central counterparties, securities settlement system, and payment systems). The report explains how the bank exercised its responsibilities over the past year and also identifies the principal priorities for 2016/17. A copy of the report is available
here (
pdf).
The report contains the following diagram that illustrates well the relationships and linkages between central counterparties and banks:
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