It’s Good to Talk – International Regulatory Cooperation in Finance

04/09/2009 Marcus Killick OBE

In recent years, international regulatory cooperation has evolved significantly, addressing weaknesses in overseeing international financial institutions and cross-border activities. Regulatory bodies worldwide have recognised the necessity of cooperation to maintain financial stability.

Initiatives like bilateral Memoranda of Understanding (MOU), Multilateral Memoranda of Understanding (MMOU), and supervisory colleges have been established to facilitate information sharing and collaboration among regulators. These efforts aim to improve consolidated and solo supervision, enhance crisis management, and ensure timely action in emergency situations.

The future will likely see even greater emphasis on peer reviews and supervision effectiveness, as regulators work together to minimise risks and maintain financial stability across borders.

Read the article: It’s good to talk

(Article first published in Intouch Magazine, 2009.)

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