MNB Signs Cooperation Agreement With NFRA
Photo by Jessica Fejos
The National Bank of Hungary (MNB) has signed a cooperation agreement with China's National Financial Regulatory Administration (NFRA) on joint oversight activities, Hungary's central bank and financial market regulator said in a release on its website.
The agreement was signed by MNB deputy governor Csaba Kandrács and NFRA Vice Minister Zhou Liang in Beijing.
The cooperation agreement may serve as the basis for information-sharing, mutual assistance and effective cooperation in the areas of financial oversight and consumer protection, as well as an exchange of information in the fight against money laundering and terrorist financing.
Kandrács also participated at a panel discussion at the China Development Forum while visiting China.
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