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Archive -Seychelles

CBS, RBI sign exchange of information protocol |25 May 2015

The Central Bank of Seychelles (CBS) has signed a memorandum of understanding with the Reserve Bank of India (RBI) on the ‘Exchange of information and mutual assistance in banking sector supervision’.

The memorandum of understanding (MoU) was signed by Christophe Edmond, first deputy governor of the CBS and Shri S. S. Mundra, deputy governor of the RBI, in the spirit of reinforcing a close collaborative relationship between the two Central banks.

The MoU widens the scope for information sharing between CBS and RBI in order to enhance depositor protection while supporting the consistent development and innovation of regulations.
The supervision of financial products and activities within the two banks’ respective jurisdictions will also be enhanced.

Such is also in line with the CBS’ objective to promote a sound financial system by improving transparency between institutions responsible for banking supervision.
To date, the CBS has signed one other such agreement namely with the Bank of Mauritius in 2008.

This latest MoU brings the CBS one step closer to its aim, which is to establish this level of cooperation with all banks that either have a branch or subsidiary in Seychelles.
 
 




 

 

 

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