The Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and Exchange of Supervisory Information with Brazil’s Central Bank, Banco Central do Brasil (BCB) on 26 December 2014.
The information related to MoU was announced by RBI through its notification released on 27 January 2015.
The MoU was signed by Anthero de Moraes Meirelles, Deputy Governor for Supervision, BCB and SS Mundra, Deputy Governor, Reserve Bank of India.
The Reserve Bank has been signing the Memorandum of Understanding/ Exchange of Letters/Statement of Co-operation with supervisors of other countries to promote greater co-operation and sharing of supervisory information among the authorities.
With this the Reserve Bank has signed 23 such MoUs, one Letter for Supervisory Cooperation and one Statement of Cooperation (SoC) with regulators/supervisors of other countries.
When: 26 December 2014