Free Trial

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

(MNI) LONDON

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 | luke.heighton@marketnews.com
True
MNI Frankfurt Bureau | +49-69-720-146 | luke.heighton@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.