International Non-Regulatory Cooperation Agreement Between the BCRA and the Bank of Spain

The BCRA and the Bank of Spain signed an international non-regulatory cooperation agreement with the aim of cementing their ties of friendship and cooperation, and joining efforts for sharing experiences and knowledge to achieve mutually beneficial results.

The agreement was signed at a distance by the President of the BCRA, Miguel Pesce, and the Governor of the Bank of Spain, Pablo Hernández de Cos, within the framework of the social isolation policy adopted by both countries. As regards its implementation, management and monitoring will be under the charge of the International Relations and Agreements Senior Management Office of the BCRA, and the International and European Relations Department of the Bank of Spain.

This agreement will continue in effect for an indefinite term and is aimed at creating a stable and broad framework of cooperation between the banks in order to develop joint projects and activities of common interest. In this sense, the agreement provides for different initiatives, such as conducting studies and research projects, organizing expert meetings and conferences, and providing specialized technical assistance, among other activities for sharing knowledge and experiences regarding central banking and related matters.

This agreement will also serve to exchange information through different cooperation channels, amongst which monetary policy, financial stability, statistics, regulation and gender policies stand out.

November 12, 2020