Hanfa signs new Memorandum of Understanding with the Securities Commission of the Federation of Bosnia and Herzegovina
The Croatian Financial Services Supervisory Agency (Hanfa) and the Securities Commission of the Federation of Bosnia and Herzegovina (KVP) signed a new cooperation agreement. In addition to capital markets, this agreement covers pension funds under the supervision of both signatories and provides for technical cooperation, allowing Hanfa to support the KVP in adapting to European regulatory and supervisory standards. The agreement was signed by Ante Žigman, President of the Hanfa Board, and Adnan Zukić, President of the KVP.
"This agreement represents a new and broader chapter in the cooperation with our colleagues from the Federation of Bosnia and Herzegovina. For Hanfa, it is more than a formal document – it shows our sincere readiness and wish to help our neighbours with our experience and knowledge on their path towards adapting to the European regulatory framework. I am confident that the exchange of information and expert cooperation will contribute not only to strengthening market integrity, but also to creating the confidence that underpins a stable financial system," said Ante Žigman, President of the Hanfa Board.
This is an extension of the previous cooperation between the two institutions, which started back in 2004, when the first cooperation agreement was signed, concerning only the area of capital markets.
"It is my great pleasure to sign this agreement today, reiterating our willingness to work with our esteemed colleagues from Hanfa. I am convinced that this Memorandum of Understanding will mark a new chapter in the relations between our two institutions, as well as in the development of the capital market in the Federation of Bosnia and Herzegovina, but also in our entire state. Our intention is to foster the market by applying in our supervisory activities knowledge and experience transferred to us by our colleagues from Croatia during the implementation of the Memorandum. We have no doubt that such cooperation will help us exploit the full potential of our markets and make them safe and attractive for investors," said KVP President Adnan Zukić.
By signing this Memorandum, both institutions confirmed their willingness to promote cooperation based on trust, knowledge exchange and mutual support in the supervision of the non-bank financial sector.
