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MNI BRIEF: ECB Signs Supervisory MoU With 6 EU Member States


The ECB has signed a Memorandum of Understanding (MoU) with the six European Union members that are not part of the Single Supervisory Mechanism - the Czech Republic, Denmark, Hungary, Poland, Romania and Sweden - to share information on supervisory and cross-border supervised institutions issues, methodologies, approaches and priorities.

“The ECB is keen to boost cooperation with the NCAs of Member States not participating in European banking supervision because their banking sectors are considerably interlinked,” a statement said.

Some banks supervised by the ECB have subsidiaries in or sizeable credit exposures towards these Member States, the statement said, carrying out a substantial part of their activities there

MNI Frankfurt Bureau | +49-69-720-146 |
MNI Frankfurt Bureau | +49-69-720-146 |

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