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

State Banking Insurance Capital market Financial market
Austria 12.10.2001 16.4.2004 3.5.1999  
Belgium 7.4.2003   28.3.2002  
China 5.1.2010
   14.5.2017 14.5.2017
Cyprus     1.3.2002
France 21.6.2002   7.12.1999  
Germany 6.1.2003 30.10.2002 5.11.1998  
Greece     28.6.2001  
Hungary     12.9.1999  
Isle of Man     2.12.2005  
Italy 11.11.2004   25.6.2001  
Luxembourg     20.7.2001  
Netherland 30.8.2004   21.3.2003  
Philippines     12.10.2018 12.10.2018
Poland   19.11.2004 12.9.1999  
Portugal     15.12.2000  
Republic of Serbia 20.5.2021      
Romania     15.2.2005  
Slovakia 8.11.2002 26.11.2002 25.6.2001
Slovenia     31.5.2001  
Spain     20.7.2001  
Switzerland   29.11.2006    
United Kingdom 1. 1. 2021 1. 1. 2021 1. 1. 2021  
USA 23.12.2002      

Multilateral memoranda of understanding

Name and purpose
25.1.2023 Memorandum of understanding between the European central bank and the competent authorities of non-participating European union member states for the performance of their supervisory tasks
IOSCO Multilateral 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.
28.4.2010 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)

Coordination Arrangements for the supervision of insurance groups

Group Home regulator
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)
26.3.2015 UNIQA Finanzmarktaufsicht (AT)
26.3.2015 VIG Finanzmarktaufsicht (AT)
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)