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Supervision of Banks: Austria and Russia Intensify Cooperation

Published: October 18, 2010; 13:28 · (Vindobona)

A Memorandum of Understanding just signed facilitates cooperation in banking supervision between the two countries.

Supervision of Banks: Austria and Russia Intensify Cooperation / Picture: © OeNB

The Austrian Financial Market Authority (FMA) and the Oesterreichische Nationalbank (OeNB) signed today a Memorandum of Understanding (MoU) for bilateral cooperation in banking supervision with the Russian Central Bank.

This MoU facilitates cross-border co-operation with the non-EU country by specifying the legal provisions applicable for supervisory practice. This is…

This article includes a total of 139 words.

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