Memorandum of Understanding on high-level principles of cooperation between the banking supervisors and central banks of the European Union in crisis management situations

The banking supervisory authorities and central banks of the EU have a regular cooperation through the Banking Supervision Committee. A working group of this Committee, led by Deputy Governor Lars Nyberg, has produced a document that establishes general principles for cooperation between different authorities in the event of a crisis situation.

A more detailed description of the background to, and contents of, the document can be found on the ECB website, http://www.ecb.int/, under the heading "Press release".