Memorandum of Understanding between the Czech National Bank and De Nederlandsche Bank, the Netherlands

On 8 September 2004, the Czech National Bank and the Dutch regulator singed a Memorandum of Understanding on co-operation in the field of banking supervision on a consolidated basis.

This memorandum enables the two supervisory authorities to share information on the banks operating in their respective countries for the purposes of performing banking supervision and on the basis of reciprocity it enables the home regulator to perform on-site inspection in branches and subsidiaries in the host country.

Pavlína Bolfová, CNB spokesperson