Memoranda of understanding
Memoranda of understanding between supervisory authorities play a major role in international cooperation.
Memoranda of understanding are not legally binding. Their main use is to enhance cooperation and the exchange of information in the supervision of cross-border financial market institutions. They also ensure that confidentiality of information is maintained in the case of cooperation with non-EU supervisors and serve as an important instrument for strengthening cooperation with sister supervisors.
In accordance with Article 2(3) of Act No 6/1993 Coll., on the Czech National Bank, as amended, the Czech National Bank cooperates with central banks of other countries, with financial market supervisory authorities of other countries, and with international financial organisations and international organisations engaged in the bank, electronic money institution and financial market supervision.
- Bilateral memoranda of understanding
- Multilateral memoranda of understanding
- Multilateral cooperation and coordination agreements on the supervision of cross-border financial groups
- Multilateral cooperation and coordination agreements on the AML/CFT supervision of cross-border financial groups
- Coordination Arrangements for the supervision of insurance groups
Bilateral memoranda of understanding
| State | Banking | Insurance | Capital market | Financial market |
|---|---|---|---|---|
| Austria | 12.10.2001 | 16.4.2004 | 3.5.1999 | |
| Belgium | 7.4.2003 | 28.3.2002 | ||
| China | 5.1.2010 29.3.2016 |
14.5.2017 | ||
| Cyprus | 1.3.2002 28.2.2002 |
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| France | 21.6.2002 | 7.12.1999 | ||
| Germany | 6.1.2003 | 30.10.2002 | 5.11.1998 | |
| Greece | 28.6.2001 | |||
| Hungary | 12.9.1999 | |||
| India | 13.6.2017 13.6.2017 |
|||
| Isle of Man | 2.12.2005 | |||
| Italy | 11.11.2004 | 25.6.2001 | ||
| Luxembourg | 20.7.2001 | |||
| Netherland | 30.8.2004 | 21.3.2003 | ||
| Philippines | 12.10.2018 | |||
| Poland | 19.11.2004 | 12.9.1999 | ||
| Portugal | 15.12.2000 | |||
| Republic of Serbia | 20.5.2021 | |||
| Romania | 15.2.2005 | |||
| Slovakia | 8.11.2002 | 26.11.2002 | 25.6.2001 7.5.1999 |
|
| Slovenia | 31.5.2001 | |||
| Spain | 20.7.2001 | |||
| Switzerland | 29.11.2006 | |||
| United Kingdom | 1. 1. 2021 | 1. 1. 2021 | 1. 1. 2021 | |
| USA | 23.12.2002 |
Multilateral memoranda of understanding
| Accession date |
Name and purpose |
|---|---|
| 14.3.2024 | Memorandum of understanding between the Single Resolution Board, the European Central Bank, and Česká národní banka, in respect of cooperation and exchange of information for the performance of their tasks under Directive 2014/59/EU of the European Parliament and of the Council. The participants express, through this memorandum, their willingness to cooperate with each other in the interest of fulfilling their respective statutory objectives, enhancing communication and cooperation, assisting each other in the planning and the conduct of an orderly resolution of banks, and maintaining confidence and financial stability in the participating Member States of the European Union and the Czech Republic. |
| 25.1.2023 | Memorandum of understanding between the European central bank and the competent authorities of non-participating European union member states for the performance of their supervisory tasks Purpose: The memorandum aims to enhance the existing very good supervisory cooperation by establishing a framework for exchanging information and coordinating activities in the supervision of banks and banking groups whose parent companies or subsidiaries are subject to supervision by the ECB or by the national supervisory authorities of the countries participating in the memorandum. |
| 29.3.2007 25.10.2019 |
IOSCO Multilateral Memorandum of Understanding Purpose: to enhance cooperation between IOSCO member countries in the investigation of international criminal activity and the related exchange of information in the financial markets area. In practice, this agreement is used in place of the bilateral agreements previously concluded with supervisory authorities of third countries in the area of the capital market. |
| 1.6.2008 | Multilateral Memorandum of Understanding on Cross-Border Financial Stability Purpose: to enhance cooperation between central banks, financial market supervisors and finance ministries of EU Member States in the management and resolution of cross-border financial crises. |
| 28.4.2010 | Memorandum of Understanding on the exchange of information among National Central Credit Registers for the purpose of passing it on to reporting institutions Purpose: to provide a framework that will allow users of national CCRs to verify the commitments of their debtors by using information available in all national CCRs of EU countries which are parties to this MoU. |
| 22.7.2010 | Press release: Extension of the 2008 Memorandum of Understanding on Co-operation (link to the page of the Belgian Presidency) |
| 7.5.2014 | Multilateral Memorandum of Understanding on Cooperation Arrangements and Exchange of Information, which constitutes the Annex to the ESMA Guidelines on cooperation arrangements and information exchange between competent authorities and between competent authorities and ESMA Purpose: to strengthen cooperation between the competent authorities of the European Economic Area (EEA) States and between the competent authorities of the EEA States and ESMA in relation to authorisation of financial market participants, supervision, monitoring, investigation and enforcement in accordance with the requirements of applicable law. In practice, this agreement is used in place of the bilateral agreements previously concluded with EU supervisory authorities in the area of the capital market. |
Multilateral cooperation and coordination agreements on the supervision of cross-border financial groups
In 2009, authorities responsible for supervision of cross-border banking groups within the EU started to establish colleges of supervisors in order to enhance cooperation and coordination and the exchange of information.
In the field of banking supervision the CNB has became a signatory of seven multilateral cooperation and coordination agreements on the supervision of cross-border banking groups.
| Accession date |
Banking group | Home regulator |
|---|---|---|
| 17.8.2009 | Societe Generale | Commission bancaire (FR) |
| 30.12.2009 | KBC | Banking, Finance and Insurance Commission (BE) |
| 30.12.2009 | ING | De Nederlandsche Bank (NL) |
| 30.12.2009 | UniCredit | Banca d ’Italia (IT) |
| 30.12.2009 | Erste | Financial Market Authority (AT) |
| 30.12.2009 | Volksbank | Financial Market Authority (AT) |
| 30.12.2009 | Raiffeisenbank | Financial Market Authority (AT) |
| 18. 5. 2015 | J&T Finance Group SE | Česká národní banka - ČNB (CZ) |
Multilateral cooperation and coordination agreements on the AML/CFT supervision of cross-border financial groups
Since 2021, supervisory authorities responsible for AML/CFT supervision of cross-border financial groups within the EU have started to establish colleges of supervisors with the aim of strengthening mutual cooperation, and coordination and information exchange.
| Accession date | Banking group | Home regulator |
|---|---|---|
| 09.04.2021 | Deutsche Bank Group | Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin (DE) |
| 25.08.2021 | Commerzbank Group | Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin (DE) |
| 25.08.2021 | ING Bank Group | De Nederlandsche Bank - DNB (NE) |
| 19.10.2021 | MUFG Bank Group | De Nederlandsche Bank - DNB (NE) |
| 22.10.2021 | Citi Bank Group | Central Bank of Ireland (IE) |
| 29.10.2021 | Saxo Bank Group | Danish Financial Supervisory Authority DFSA (DK) |
| 09.11.2021 | J&T FG SE | Česká národní banka - ČNB (CZ) |
| 17.12.2021 | BNP Paribas Group | Autorité de Contrôle prudentiel et de résolution - ACPR (FR) |
| 17.12.2021 | Societe Generale Group | Autorité de Contrôle prudentiel et de résolution - ACPR (FR) |
| 03.03.2022 | HSBC Group | Autorité de Contrôle prudentiel et de résolution - ACPR (FR) |
| 20.04.2022 | KBC Group | National Bank of Belgium- NBB (BE) |
| 03.08.2022 | Intesa Sanpaolo Group | Banca d´Italia (IT) |
| 03.08.2022 | UniCredit Group | Banca d´Italia (IT) |
| 29.08.2022 | Western Union International Bank GroupFinanzmarktaufsicht - FMA (AT) | |
| 17.10.2022 | Raiffeisenbank Group | Finanzmarktaufsicht - FMA (AT) |
| 17.10.2022 | VIG Group | Finanzmarktaufsicht- FMA (AT) |
| 25.11.2022 | Erste Group | Finanzmarktaufsicht - FMA (AT) |
| 25.11.2022 | Oberbank Group | Finanzmarktaufsicht - FMA (AT) |
| 10.05.2023 | SMBC Bank Group | Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin (DE) |
| 18.09.2023 | PKO BP Group | Urząd Komisji Nadzoru Finansowego - UKNF (PL) |
| 04.01.2024 | Metlife Europe | Central Bank of Ireland (IE) |
| 04.04.2024 | Uniqa Insurance Group AG | Finanzmarktaufsicht - FMA (AT) |
Coordination Arrangements for the supervision of insurance groups
| Accession date |
Group | Home regulator |
|---|---|---|
| 26.3.2015 | Aegon | De Nederlandsche Bank (NL) |
| 26.3.2015 | Allianz | Bundesanstalt fűr Finanzdienstleistungsaufsicht (DE) |
| 26.3.2015 | AXA | Autorité de Contrôle Prudentiel et de Résolution (FR) |
| 26.3.2015 | Generali | Istituto per la Vigilanza sulle assicurazioni (IT) |
| 26.3.2015 | Munich Re | Bundesanstalt fűr Finanzdienstleistungsaufsicht (DE) |
| 26.3.2015 | NN | De Nederlandsche Bank (NL) |
| 26.3.2015 | UNIQA | Finanzmarktaufsicht (AT) |
| 26.3.2015 | VIG | Finanzmarktaufsicht (AT) |
| 29.9.2015 | Credimundi | Nationale Bank van België (BE) |
| 29.9.2015 | KBC Insurance | Nationale Bank van België (BE) |
| 2.12.2015 | BNP Paribas Cardif | Autorité de Contrôle Prudentiel et de Résolution (FR) |
| 2.12.2015 | MetLife Inc | Central Bank of Ireland (IE) |
| 2.12.2015 | SOGECAP Société Générale | Autorité de Contrôle Prudentiel et de Résolution (FR) |
| 2.12.2015 | Wüstenrot & Württembergische | Bundesanstalt fűr Finanzdienstleistungsaufsicht (DE) |