The Polish Financial Supervision Authority and the Central Bank of Cyprus, expressing their mutual interest and willingness in promoting further the bilateral ties in the domain of supervision of credit institutions, have recently signed a Memorandum of Understanding.

The Memorandum of Understanding has been signed on behalf of the Polish Financial Supervision Authority, by its Chairman, Mr Stanislaw Kluza and, on behalf of the Central Bank of Cyprus, by its Governor, Mr. Athanasios Orphanides.

The Memorandum of Understanding defines a general framework of mutual cooperation and exchange of information between the two supervisory authorities, for the purpose of facilitating the performance of their supervisory function as well as the effective supervision and regulation of credit institutions, in accordance with the respective national laws and regulations.