Chinese and Czech central bank enlarge MoU to include crisis management
Czechs prepared to "further refine” collaboration on deposit insurance and resolution plans
The Czech National Bank (CNB) has agreed to co-operate with the China Banking Regulatory Commission (CBRC) if banks operating in their jurisdictions are "threatened by crisis", the Czech governor said.
The two authorities have deepened their existing Memorandum of Understanding (MoU), CNB governor Miroslav Singer told an audience in Prague on March 29. The original MoU came into force in January 2010.
Under its new scope, the MoU expresses both authorities' determination to co-operate when cross
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