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ASIF and Deutsche Bundesbank sign technical cooperation protocol
The signing of the agreement on technical cooperation between the two institutions took place on July 17 at the Vatican. The partnership has also been made possible by the Holy See’s clear commitment to strengthening its financial architecture in line with international standards.
Vatican News
On Friday July 17, at Palazzo San Carlo in the Vatican, the Supervisory and Financial Information Authority (ASIF) and the Deutsche Bundesbank signed a memorandum of understanding on technical cooperation between the two institutions. On behalf of the Deutsche Bundesbank, the memorandum was signed by Dr. Burkhard Balz, Member of the Executive Board, and on behalf of ASIF by its Director, Federico Antellini Russo.
Strengthening credibility within the international financial community
The agreement represents a further strengthening of the relationship between the supervisory authority for the financial sector of the Holy See and the Vatican City State and the Central Bank of the Federal Republic of Germany. This relationship has developed steadily over the years and has been significantly enhanced in recent months.
The partnership has also been made possible by the Holy See’s clear commitment to strengthening its financial architecture in line with international standards. Through greater transparency, accountability, and professionalism, the Holy See has continued to build increasingly solid credibility within the international financial community.
The signing of the protocol at Palazzo San Carlo in the Vatican
Exchange of experience and best practices
The memorandum aims to consolidate and further develop the joint efforts and mutual cooperation between the two institutions in the field of financial supervision, including through training initiatives and the exchange of experience and best practices. The shared objective is to contribute to the transparency and sustainability of the international financial system.
As Dr. Balz stated in his opening remarks, “by signing this memorandum of understanding, we reaffirm our shared commitment to the principles of integrity, transparency, and international cooperation. This agreement provides a framework for ongoing exchange and mutual support, reflecting our common aspiration to serve the common good through a stable and fair financial system.”
Looking to the future with confidence
In his opening address, ASIF Director Federico Antellini Russo said that “the signing of this memorandum of understanding takes place in the year marking the fifteenth anniversary of the establishment of this Authority, and only a few weeks after the entry into force of the new Statute of the Supervisory and Financial Information Authority, promulgated by His Holiness Pope Leo XIV. As is often the case with such milestones and anniversaries, this offers us an opportunity to reflect on the path we have travelled, but above all to look to the future with confidence. I hope that the cooperation between our two institutions will continue to grow stronger and become even closer.”
Also present at the signing ceremony were Monsignor Mihăiţă Blaj, Under-Secretary of the Section for Relations with States and International Organizations of the Secretariat of State, and Dr. Christoph Braner, Minister Plenipotentiary at the Embassy of Germany to the Holy See.
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