Rules and regulations approved in 2009

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Regulation No. 45, “On the reports at the Bank of Albania accordingly to the Unified Reporting System”

This regulation shall set out the rules, conditions and terms of reporting at the Department of Statistics of the Bank of Albania from banks and foreign banks branches, non-bank financial entities, the savings and credit associations and their unions, and the rules for the manage...

Aproved by Supervisory Council Entered into force 02.08.2009

Regulation no 71 "On liquidity risk management"

The purpose of this Regulation is to set out the minimum requirements and standards to effectively manage risk liquidity, by the subjects of this Regulation. This regulation shall apply on banks and branches of foreign banks exercising banking and financial activity in the Repu...

Aproved by Supervisory Council Entered into force 07.12.2009

Regulation no 70 "On Foreign Exchange Activities"

This Regulation aims to set out the rules to carry out the transactions recorded in the capital and current account (as payments and transfers), from and into the Republic of Albania. 2. Transactions under paragraph 1 of this Article shall imply: a)Transactions between resi...

Aproved by Supervisory Council Entered into force 07.12.2009

Regulation no 40 "On the core management principles of banks and branches of foreign banks and the criteria on the approval of their administrators"

The purpose of this Regulation is: a.to set out the core principles and regulations for a responsible and efficient management of banks and branches of foreign banks; b.to set out the criteria the administrators of banks and branches of foreign banks should meet, and the needed d...

Aproved by Supervisory Council Entered into force 10.07.2009

Regulation no.11 "On the granting of license to non bank financial subjects"

The purpose of this Regulation is to set out the conditions, requirements, terms, documentation and procedures for: a)the granting of a license to non-bank financial institutions and to the microcredit financial institutions to carry out financial activity in the Republic of Alba...

Aproved by Supervisory Council Entered into force 03.04.2009

Regulation no 5 "On the consumer credit and the mortgage credit for households"

This Regulation aims to set out the requirements on the content and way of providing the pre - contractual and contractual information to the borrower, prior to the contract conclusion and during the exercise of the consumer credit and the mortgage credit for the household and th...

Aproved by Supervisory Council Entered into force 03.04.2009

Regulation no 44 "On prevention of money laundering and terrorist financing"

This Regulation lays down the procedures and documentation for the identification of customer, regulations for record-keeping, preservation of data and their reporting to the responsible authority from the subjects of this Regulation. Its purpose is the prevention of the use of t...

Aproved by Supervisory Council Entered into force 02.08.2009

Regulation no 31 "On risk management arising from the large exposures of Banks"

The purpose of this Regulation is to set out the rules and criteria on the calculation, supervision and reporting of the bank’s large exposures against a counterparty or group of related counterparties, for the purpose to manage the risk arising from the concentrated exposu...

Aproved by Supervisory Council Entered into force 02.08.2009

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