This directive includes a provision setting an obligation for the consolidating banking supervisor to alert interested central banks and communicate to them all necessary information, whenever an emergency situation arises which has the potential to jeopardise financial stability in any of the Member States where the banking group is present through subsidiaries or systemically relevant branches.
We highly appreciate, as well, the attitude of the authorities in the UK, particularly the Serious Organized Crimes Agency (SOCA) for their continuous liaison with the authorities in the UAE, and for their contribution in preparing and organizing joint conferences, seminars and training programs.