Bilateral Memoranda of Understanding that the Bank of Greece has signed with foreign authorities
The bilateral MoUs are drafted in a uniform way and in line to the Basel Committee on Banking Supervision principles for the cooperation between banking supervisors, which are also applied by Third Countries.
These MoUs set the bases for direct communication and cooperation of the Department for the Supervision of Credit and Financial Institutions with the respective foreign authorities on various issues like
- licensing of cross border establishments;
- exchange of supervisory information on a regular basis;
- fit and proper tests;
- on site examinations the host country;
- monitoring of specific risks;
- crisis management issues;
- other ad hoc issues.
(TABLE Α) : MoUs with authorities of EU Member States
(TABLE Β) : MoUs with third countries’ authorities
TABLE Α
MoUs with authorities of EU Member States
|
EU Member State
|
Supervisory authority
|
|
Ιtaly
|
Banca d’ Italia
|
|
The Netherlands
|
De Nederladsche Bank
|
|
Germany
|
Bundesanstalt fur Finanzdiensleistungsaufsicht (BaFin)
|
|
France
|
Commission Bancaire
|
|
The United Kingdom
|
Financial Services Authority (FSA)
|
|
Cyprus
|
Central Bank of Cyprus
|
|
Romania
|
National Bank of Romania
|
|
Bulgaria
|
Bulgarian National Bank
|
TABLE Β
MoUs with third countries’ authorities
|
Third country
|
Supervisory authority |
|
Albania
|
Bank of Albania
|
|
Serbia
|
National Bank of Serbia
|
|
Τurkey
|
Banking Regulatory and Supervision Agency of Turkey
|
|
Former Yugoslav Republic of Macedonia
(FYROM)
|
National Bank of the Republic of Macedonia
(Reference to the titled full style name, as adopted by the specific central bank, is made without prejudice to Greece’s position pertaining to the use of the word “Macedonia”)
|
Under discussion are the MoUs with the National Bank of Poland and the Central Bank of Egypt.
The Bank of Greece since 2002 has developed cooperation with the Swiss Federal Banking Commission, through the exchange of letters, concerning the supervision on a sub-consolidated basis of the activities of a specific banking group in the Balkans.
For information on the above mentioned supervisory authorities you may find the respective website by clicking on the responding choice in the right side menu.