In view of the growing globalisation of the world’s financial markets and the increase in cross-border operations and activities of financial institutions, the Single Resolution Board (“SRB”) has reached Cooperation Arrangements with two authorities of Bosnia and Herzegovina - both the Banking Agency of Republika Srpska (“BARS”) and the Banking Agency of the Federation of Bosnia and Herzegovina (“FBA”) - on the exchange of information and cooperation in connection with the Resolution planning and the implementation of such planning with respect to Entities with cross-border operations. .
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