This year’s meeting, with the title “Experiences and financial cooperation between Europe and Latin America”, is aimed at examining strategies, mechanisms and alternatives to boost financial and technical cooperation relations between the countries of Latin America and the European Union, paying particular attention to achieving the Sustainable Development Goals (SDGs), implementing the bi-regional development cooperation agenda, and tackling trade barriers.
The International Organization of Securities Commissions (IOSCO) and the European Securities and Markets Authority (ESMA) welcome the Opinion of the European Data Protection Board (EDPB) on their administrative arrangement for the transfer of personal data between European Economic Area (EEA) Financial Supervisory Authorities and non-EEA Financial Supervisory Authorities.
The new arrangements further strengthen existing close cooperation in order to maintain financial stability. Given the global nature of financial markets, it is important that cooperation between regulators continues to be reinforced. Bilateral arrangements signed between resolution authorities underpin this cooperation and are important for resolution planning. The new deals cover the exchange of information and cooperation in resolution planning especially for financial institutions with cross-border operations.
The new deals cover the exchange of information and cooperation in resolution planning especially for financial institutions with cross-border operations. The goal is to facilitate the resolution of banks present across the respective jurisdictions.