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Japan's Financial Services Agency: Exchange Of Letters On Co-Operation In The Area Of Banking Supervision With The Central Bank Of The Islamic Republic Of Iran (CBI)

Date 14/02/2017

  1. The Financial Services Agency (FSA) exchanged the Letters on co-operation in the area of banking supervision with the Central Bank of the Islamic Republic of Iran (CBI) on February 12, 2017.
  2. This exchange of Letters intends to facilitate co-operation for effective consolidated supervision and performance of their respective duties for the safe and sound functioning of banking organizations in their countries.
  3. The contents of the Letters include, but are not limited to, the following:
    • the authorities will provide relevant information to their counterpart regarding supervisory concerns;
    • the authorities will notify each other of plans to visit a cross-border establishment in each other’s jurisdiction and following the visit, an exchange of views may take place between both authorities; and
    • confidentiality of information exchanged, etc.