PRESS RELEASE 31 May 2012
MEMORANDUM OF UNDERSTANDING WITH THE NATIONAL BANK OF SLOVAKIA
The Jersey Financial Services Commission (the “Commission”) and the National Bank of Slovakia (the “NBS”) have signed a Memorandum of Understanding (“MOU”) that will help facilitate co-operation between the two regulatory bodies.
John Harris, Director General of the Commission, said, “I am delighted to sign this Memorandum of Understanding with the National Bank of Slovakia. The global financial crisis has highlighted the need for close co-operation between regulators and this Memorandum will assist in that regard by establishing a formal framework for the exchange of regulatory information and the provision of investigative assistance.”
A copy of the MoU can be downloaded from the Commission’s Website by clicking here.
The Commission has MoUs (either on a bilateral or multilateral basis) with regulators in over 70 countries.
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For further information please contact: -
John Harris - Director General
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822011
Fax: + 44 (0) 1534 822001
NOTES TO EDITORS
The Commission is responsible for the regulation, supervision and development of the financial services industry in the Island of Jersey for banking, collective investment funds, fund services business, insurance business, general insurance mediation business, investment business, money service business, and trust and company service providers.
The NBS is responsible for the supervision of financial services providers in Slovakia. This includes the supervision of banks, payment institutions, e-money instititions, investment businesses, collective investment schemes, insurance companies, insurance intermediaries, pension funds, financial advisors and foreign exchange companies.