Memorandum of Understanding (MoU) Current Affairs - 2019

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RBI signs an information sharing agreement with Brazil’s Central Bank

Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with Brazil’s Central Bank- Banco Central do Brasil (BCB).

This MoU was signed by Anthero de Moraes Meirelles, Deputy Governor for Supervision, BCB and S.S. Mundra, Deputy Governor, Reserve Bank of India.

  • RBI by signing such MoU with supervisors of other countries is seeking to promote greater co-operation and share supervisory information among the authorities.
  • In this regard, RBI in total has signed 23 such MoUs, one Letter for Supervisory Co-operation and one Statement of Co-operation (SoC), with different Central Banks of other countries and overseas regulators/supervisors.

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