Agencija za Bankarstvo Republike Srpske

BARS signed an MoU with the German Federal Financial Supervisory Authority (BaFin)

19.12.2016. yr.

Number: 01-105-1993/16

Banking Agency of Republika Srpska, together with the Banking Agency of the Federation of Bosnia and Herzegovina, signed a memorandum of understanding with the German Federal Financial Supervisory Authority (BaFin) concerning their cooperation in the field of bank supervision.

The institutions express their willingness to cooperate on the basis of reciprocity, as well as mutual trust and understanding, and agree to base their co-operation in the field of supervision of banks on the principles and procedures outlined in the Memorandum of Understanding, in order to facilitate the performance of the supervisory institutions’ respective duties and to promote the adequate functioning of authorised institutions in Bosnia and Herzegovina and/or in Germany, according to their national legislation.

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