MFSA signs Memorandum of Understanding with the National Bank o

The Malta Financial Services Authority has announced that it has successfully concluded and signed a Memorandum of Understanding (MoU) with the National Bank of Slovakia. The MoU establishes a framework for assistance, the sharing of supervisory information and cross-border co-operation. On the 12th of February 2004 the two authorities had concluded a Memorandum of Understanding on the exchange of information for mutual assistance and co-operation in the field of banking supervision. This updated version of the MoU includes provisions on co-operation and information sharing in the fields of insurance supervision and the supervision of securities markets, and is no longer limited to the banking sector. The agreement was signed by Prof. Joe V. Bannister, Chairman of the MFSA, and Mr Jozef Makuch, Governor of the NBS.