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Memorandum of Understanding between the Czech National Bank and Banca d‘ Italia, Italy

15. 11. 2004

On November 2004, the Czech National Bank and Banca d' Italia, Italy signed a Memorandum of Understanding of co-operation in the field of banking supervision on a consolidated basis. This document enables the two supervisory authorities to share information on the banks operating in their respective countries for the purpose of performing banking supervision, and on the basis of reciprocity, the home regulator to perform on-site supervision in branch offices and subsidiaries in the host country.

Pavel Zúbek, Communications division, CNB