Common Contracts
1 similar Cooperation Arrangement contracts
COOPERATION ARRANGEMENTCooperation Arrangement • November 3rd, 2022
In view of the growing globalisation of the world’s financial markets and the increase in cross- border operations and activities of financial institutions, the Canada Deposit Insurance Corporation (“CDIC”) and the Single Resolution Board (“SRB”) have reached this Cooperation Arrangement (“CA”) on the exchange of information and cooperation in connection with the Resolution planning and the implementation of such planning with respect to Firms with cross- border operations. The CDIC and SRB express, through this CA, their willingness to cooperate with each other in the interest of fulfilling their respective statutory objectives; enhancing communication and cooperation; assisting each other in the planning and the conduct of an orderly Resolution of a Firm; and maintaining confidence and financial stability in Canada and the European Banking Union.
