Memorandum of Understanding on cross border financial stability

We refer to your letter 7 July 2008 to the Finance Ministers of the non-EU EEA Countries with transmission of the MoU on cross border financial stability and an invitation to confirm that all relevant authorities in the non-EU EEA Countries are willing to sign the MoU. Further, we refer to our letter 11 July 2008 and to the e-mail from the EFC Secretariat 20 July 2008, extending the deadline for reply from Norway to 18 September 2008.

We note that by signing, the EFTA EEA-States will associate themselves to the MoU, and achieve reciprocity with the EU-Member States with respect to the MoU.

The Norwegian Ministry of Finance confirms that all three relevant Norwegian authorities, i.e. the Ministry of Finance, Norges Bank (the central bank of Norway) and Kredittilsynet (the financial supervisory authority), want to sign the MoU on cross border financial stability.

The MoU will be signed by Mrs Kristin Halvorsen, the Minister of Finance, Mr Svein Gjedrem, the Central Bank Governor, and by Mr. Bjørn Skogstad Aamo, the Director General of Kredittilsynet. 

Relevant contact persons are:

Ministry of Finance: Mr. Erling G. Rikheim (egr@fin.dep.no)
Norges Bank:  Mrs. Kristin Gulbrandsen (Kristin.gulbrandsen@norges-bank.no)
Kredittilsynet:  Mr. Emil Steffensen (emil.steffensen@kredittilsynet.no)

Yours sincerely,

Jan Bjørland
Director General

                                                                                             Erling G. Rikheim
                                                                                             Deputy Director General

 

Copy:  Norges Bank
           Kredittilsynet