Turkey's banking watchdog signs protocol with German counterpart

The protocol aims at sharing accurate information on operations of the two countries' banks and other financial institutions abroad.

Turkey's banking watchdog signs protocol with German counterpart

Turkey's Banking Regulation and Supervision Agency, or BDDK, and its German counterpart, the Federal Financial Supervisory Authority-BaFin have signed a memorandum of understanding to devise ways for cooperation, BDDK said Wednesday in a statement.

The protocol aims at sharing accurate information on operations of the two countries' banks and other financial institutions abroad.

The protocol also eyes developing cooperation on cross-border regulation and supervision as well as sharing corporate experiences and technologies, BDDK said.

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Last Mod: 24 Ağustos 2011, 15:29
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