The ‍Bank of ‍England and ​other British financial regulators ⁠have signed a ⁠memorandum of understanding with ‌their European counterparts to enhance cooperation ⁠and oversight of critical third parties, the ⁠BoE said in ​a statement on Wednesday.

"The MoU ‍establishes a framework ​for coordinating and sharing information on the oversight of Critical Third Party Providers ... including during incidents such as power outages or cyber-attacks," ⁠the statement ‌said.

(Reporting by Muvija M, ‌writing ⁠by Sarah Young; editing ⁠by David Milliken)