Memorandum of understanding on financial crises

The banking supervisory authorities, the central banks and the Finance Ministries of the European Union (EU) have agreed on a Memorandum of Understanding on co-operation in financial crisis situations, 18 May.

The MoU shall enter into effect on 1 July 2005. The MoU agreement will not be a public document.

The increasing integration of markets and market infrastructures in the EU's single financial market promotes financial stability since a larger and more diversified financial system will be b