Memorandum of Understanding between the Czech National Bank and the Bundesanstalt für Finanzdienstleistungsaufsicht
On 6 January 2003, the Czech National Bank and the German financial market regulator, Bundesanstalt für Finanzdienstleistungsaufsicht, signed a Memorandum of Understanding on co-operation in the field of banking supervision.
This Memorandum regulates the exchange of information needed for conducting banking supervision on a consolidated basis in banks and their branches and subsidiaries operating in both states. It also covers other areas of co-operation between the two regulators, in particular with regard to on-site inspections.
Alice Frisaufova
CNB spokesperson