On the signing of Memorandum of Understanding

The External and Public Relations Department of the Bank of Russia informs that Memorandum of Understanding between the Central Bank of the Russian Federation (Bank of Russia), the Financial Market Authority Liechtenstein concerning their cooperation in the field of supervision of credit institutions was signed on 9 December 2011.

While preparing the Memorandum of Understanding the Parties followed the recommendations of the Basel Committee on Banking Supervision on the principles of consolidated and comprehensive supervision and cooperation between banking supervisors and addressed the necessity to enhance cooperation in the field of banking supervision of credit institutions and exchange of supervisory information.

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19.12.2011 00.00.00