B of E, U.S. Ink Enhanced Cooperation Pact

25 Jan 2010

The Bank of England and the U.S. Federal Deposit Insurance Corp. have signed a memorandum of understanding aimed at enhancing their cooperation when they serve as resolution authorities in resolving troubled deposit-taking financial institutions with activities in both countries.

The Bank of England and the U.S. Federal Deposit Insurance Corp. have signed a memorandum of understanding aimed at enhancing their cooperation when they serve as resolution authorities in resolving troubled deposit-taking financial institutions with activities in both countries. The memorandum “represents a commitment to cooperate in the ...

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