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The Central Bank of the Republic of San Marino (CBSM) announced the signing of a Memorandum of Understanding (MoU) with the National Bank of Georgia (NBG) on June 3, 2024. The MoU establishes a framework for bilateral cooperation between the two authorities in the performance of their respective functions. It also provides for the exchange of information and mutual assistance in matters concerning the supervision and regulation of banking, financial and insurance activities.
The agreement was signed by the National Bank’s Acting Governor, Ms. Natia Turnava, and NBG Dr. Andrea Vivoli, CBSM Director General.
Ms. Tournava said:The Memorandum of Understanding signed between the National Bank of Georgia and the Central Bank of San Marino lays a solid foundation for deepening financial products and services development, inter-institutional cooperation, and exchange of financial regulatory information. The MoU emphasizes the importance of strengthening cooperation in an increasingly interconnected global financial environment. This is an important step in strengthening our cooperation in providing cutting-edge financial services in both countries.“
Dr. Vivoli welcomed the signing of the MoU and said: “The signing of the Memorandum of Understanding with the National Bank of Georgia enables the Central Bank of the Republic of San Marino to strengthen its international relations, promote the exchange of information for regulatory purposes and share analysis and research conducted on FinTech technologies and blockchain, which represents a new frontier for banks and financial intermediaries“.
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