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In the light of the shared responsibility for the
stability of the financial system with the Malta
Financial Services Authority (MFSA), the two authorities have entered
into a Memorandum
of Understanding concerning
their cooperation and exchange of information in the field of
financial services. The Memorandum provides for the establishment
of a Standing Committee that
meets periodically to exchange views, and evaluate and consult
on matters and developments of mutual interest that affect the
financial system. The
two authorities have also signed a Memorandum
of Understanding in respect of their cooperation on matters
concerning payment and settlement systems.
The Central Bank of Malta
participates in various committees of the European Union (EU)
and the European System of Central Banks (ESCB).
To this effect the Central Bank of Malta is also signatory
to the 2008 Memorandum
of Understanding on cooperation between
the financial supervisory authorities, central banks and finance
ministries of the EU on cross-border financial
stability. The Central Bank of Malta and the MFSA are also
signatories to the 2003 Memorandum of Understanding between
the European Central Bank (ECB), the
national central banks and the supervisory authorities within
the ESCB which sets out
guiding principles for cooperation in crisis situations. Moreover,
they are also signatories to the Memorandum of Understanding
on co-operation between payment systems overseers and banking
supervisors in Stage Three of Economic and Monetary Union,
in force since 1 January 2001.
Both the Bank and the MFSA are represented on the Committee
of European Banking Supervisors (CEBS).
Link
to ECB page on Financial Stability and Supervision
Link
ghall-pagna tal-BCE dwar l-Istabbilita' Finanzjarja u s-Sorveljanza
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