Balkan central banks agree on regulation framework

The central banks of six Balkan countries and Cyprus on Friday have agreed on a framework of regional cooperation to improve banking supervision, streamline operations and help fight money laundering and the financing of terrorism.

"The framework will improve cooperation and enable regulatory authorities to deal more efficiently with banking institutions that are becoming increasingly complex," said the governor of the Bank of Greece, Nicholas Garganas, during a news conference on 6 July.


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