Memorandum of Understanding signed between the Bank of Italy and Banque de France for the promotion of financial innovation

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Summary:

The Banca d'Italia and the Banque de France have signed a Memorandum of Understanding (MoU) to formalize their cooperation in the field of financial innovation. The agreement aims to encourage and promote innovation within their respective areas of interest, while respecting their institutional roles. The MoU consists of a main section that outlines the collaboration modalities (e.g., organization of joint events, exchange of information and expertise) and a technical annex with a flexible structure for periodic updates focused on specific collaboration themes.