Signing of Memorandum of Understanding between the CBK and the ISA from Macedonia


Today on March 5, 2010 in the CBK auditorium, is signed the Memorandum of Understanding – MOU,  between the Central Bank of the Republic of Kosovo and the Insurance Supervision Agency of the Republic of Macedonia. 
The purpose of this memorandum signing is the exchange of information between these two institutions for assistance and facilitation of mutual duties. In addition, there will be communication between these authorities in case of any substantial change in regulations and policies of the respective local supervision. 
General frameworks of this agreement are basic principles for an effective insurance supervision in line with the International Association for Insurance Supervisors. 
Representatives of both parties; the CBK Governor Mr. Hashim Rexhepi and President of ISA (Insurance Supervision Agency of the Republic of Macedonia), Mr. Klime Popovski,  after signing the memorandum of understanding, they thanked each other for cooperation so far and expressed their readiness to further improve this cooperation.