On October 23, 2015, a Memorandum of Cooperation was signed between the European Banking Authority and the supervisory authorities of six countries in South-Eastern Europe
On October 23, 2015, a Memorandum of Cooperation was signed between the European Banking Authority and the supervisory authorities of six countries in South-Eastern Europe: Albania, Macedonia, Montenegro, Serbia, Bosnia and Herzegovina and Republika Srpska. The Мemorandum was signed under the auspices of the Vienna Initiative - a public-private network established in 2009 to protect the financial stability in Central and Eastern Europe countries. The signing of this Мemorandum recognizes the efforts of these countries to promote and strengthen banking supervision and regulation and brings them closer to the standards and practices within the European Union. At the same time, the Memorandum establishes a framework for cooperation and exchange of information with the European Banking Authority, facilitates the participation of supervisory authorities in the supervision of banking groups from the European Union present in these countries and increases the opportunities for further strengthening of the capacity of supervision.
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