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Regulatory Bodies for Financial Institutions in Serbia and Montenegro Strengthen Cooperation with Single Resolution Board

The Single Resolution Board (SRB) has signed cooperation arrangements with the Central Bank of Brazil and the National Bank of Serbia, further solidifying existing close ties to maintain financial stability.

Why Cooperation Matters

In today’s interconnected global financial markets, it is crucial that regulatory bodies continue to reinforce their cooperation to ensure a stable financial system. The bilateral agreements between resolution authorities are designed to facilitate information exchange and cooperation in resolution planning, particularly for banks with cross-border operations.

Goals of the Cooperation Arrangements

  • Simplify the resolution process of banks operating across jurisdictions
  • Ensure an orderly resolution of failing banks with minimal impact on the real economy and public finances

About the Single Resolution Board

The Single Resolution Board (SRB) is the central authority responsible for resolving failing banks within the Banking Union, working closely with national authorities, the European Commission, the European Central Bank, and the European Banking Authority. Its mission is to ensure an orderly resolution of failing banks with minimal impact on the real economy and public finances.

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