PRESS RELEASE
Governor of the Bank of Albania, Ardian Fullani, is appointed member of Vienna Initiative 2 Steering Committee

As from 2013, the Governor of the Bank of Albania, Mr. Ardian Fullani, is appointed member of Vienna Initiative 2 Steering Committee.

Considering that Albania is the only non-EU member country with a membership in Vienna Initiative 2 Steering Committee, it is committed to represent the interests of countries aspiring to join the EU.  Albania will therefore play an important role in enhancing cooperation between EU and non-EU member countries.

The Vienna Initiative 2 follows the success of Vienna Initiative 1, which was launched at the height of the global financial crisis of 2008-09. It continues to use the public-private sector platform, which brings together major international financial institutions, the European Commission and other EU institutions, the largest international banking groups, and home and host country authorities, to complement the other initiatives.

Its geographical reach exceeds the EU borders and includes Central, Eastern and South-Eastern European countries, with an influential presence of Western banks.

Against this background, the objective of the Vienna Initiative 2 is to help: avoid disorderly deleveraging; ensure that potential cross-border financial stability issues are resolved; and achieve policy actions, notably in the supervisory area, that are taken in the best joint interest of home and host countries.