Memoranda of understanding
Memoranda of understanding between supervisory authorities play a major role in international cooperation.
Memoranda of understanding are not legally binding. Their main use is to enhance cooperation and the exchange of information in the supervision of cross-border financial market institutions. They also ensure that confidentiality of information is maintained in the case of cooperation with non-EU supervisors and serve as an important instrument for strengthening cooperation with sister supervisors.
In accordance with Article 2(3) of Act No 6/1993 Coll., on the Czech National Bank, as amended, the Czech National Bank cooperates with central banks of other countries, with financial market supervisory authorities of other countries, and with international financial organisations and international organisations engaged in the bank, electronic money institution and financial market supervision.
- Bilateral memoranda of understanding
- Multilateral memoranda of understanding
- Multilateral cooperation and coordination agreements on the supervision of cross-border financial groups
- Coordination Arrangements for the supervision of insurance groups
|Isle of Man||2.12.2005|
|Russia||10. 11. 2016
10. 11. 2016
|Name and purpose|
|29.3.2007||IOSCOMultilateral Memorandum of Understanding
Purpose: to enhance cooperation between IOSCO member countries in the investigation of international
criminal activity and the related exchange of information in the financial markets area
|1.6.2008||Multilateral Memorandum of Understanding on Cross-Border Financial Stability
Purpose: to enhance cooperation between central banks, financial market supervisors and finance ministries
of EU Member States in the management and resolution of cross-border financial crises.
|Memorandum of Understanding on the exchange of information among National Central Credit Registers for the purpose of passing it on to reporting institutions
Purpose: to provide a framework that will allow users of national CCRs to verify the commitments of their debtors by using information available in all national CCRs of EU countries which are parties to this MoU.
|22.7.2010||Press release: Extension of the 2008 Memorandum of Understanding on Co-operation (link to the page of the Belgian Presidency)|
|7.5.2014||Multilateral Memorandum of Understanding on Cooperation Arrangements and Exchange of Information, which constitutes the Annex to the ESMA Guidelines on cooperation arrangements and information exchange between competent authorities and between competent authorities and ESMA
Purpose: to strengthen cooperation between the competent authorities of the European Economic Area (EEA) States and between the competent authorities of the EEA States and ESMA in relation to authorisation of financial market participants, supervision, monitoring, investigation and enforcement in accordance with the requirements of applicable law.
Multilateral cooperation and coordination agreements on the supervision of cross-border financial groups
In 2009, authorities responsible for supervision of cross-border banking groups within the EU started to establish colleges of supervisors in order to enhance cooperation and coordination and the exchange of information.
In the field of banking supervision the CNB has became a signatory of seven multilateral cooperation and coordination agreements on the supervision of cross-border banking groups.
|Banking group||Home regulator|
|17.8.2009||Societe Generale||Commission bancaire (FR)|
|30.12.2009||KBC||Banking, Finance and Insurance Commission (BE)|
|30.12.2009||ING||De Nederlandsche Bank (NL)|
|30.12.2009||UniCredit||Banca d ’Italia (IT)|
|30.12.2009||Erste||Financial Market Authority (AT)|
|30.12.2009||Volksbank||Financial Market Authority (AT)|
|30.12.2009||Raiffeisenbank||Financial Market Authority (AT)|
|26.3.2015||Aegon||De Nederlandsche Bank (NL)|
|26.3.2015||Allianz||Bundesanstalt fűr Finanzdienstleistungsaufsicht (DE)|
|26.3.2015||AXA||Autorité de Contrôle Prudentiel et de Résolution (FR)|
|26.3.2015||Generali||Istituto per la Vigilanza sulle assicurazioni (IT)|
|26.3.2015||Munich Re||Bundesanstalt fűr Finanzdienstleistungsaufsicht (DE)|
|26.3.2015||NN||De Nederlandsche Bank (NL)|
|29.9.2015||Credimundi||Nationale Bank van België (BE)|
|29.9.2015||KBC Insurance||Nationale Bank van België (BE)|
|2.12.2015||BNP Paribas Cardif||Autorité de Contrôle Prudentiel et de Résolution (FR)|
|2.12.2015||MetLife Inc||Central Bank of Ireland (IE)|
|2.12.2015||SOGECAP Société Générale||Autorité de Contrôle Prudentiel et de Résolution (FR)|
|2.12.2015||Wüstenrot & Württembergische||Bundesanstalt fűr Finanzdienstleistungsaufsicht (DE)|