Regulatory Alerts2015-03-31
Memorandum of Understanding between China Banking Regulatory Commission and Reserve Bank of New Zealand
The China Banking Regulatory Commission and the Reserve Bank of New Zealand established a framework for supervisory cooperation and information sharing regarding cross-border banking operations. The agreement mandates mutual assistance during licensing, ongoing supervision, and crisis management while strictly enforcing confidentiality protocols for all exchanged data. It further outlines procedures for on-site examinations and defines the conditions under which information requests may be granted or denied.
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