BANK OF ALBANIA

PRESS RELEASE
Decisions taken by the Supervisory Council of the Bank of Albania, 1 June 2016

Publication date: 01.06.2016

 

In the meeting of 1 June 2016, the Supervisory Council of the Bank of Albania reviewed and decided to:

  • Approve the Supervision Annual Report 2015

The Supervision Annual Report analyses the banking system performance and its particular indicators, the quantitative and qualitative developments in this system, banking supervision functions and highlights in the legal and regulatory framework during 2015.

The full Supervision Annual Report will be made available shortly on the Bank of Albania's website: http://www.bankofalbania.org/

  • Approve amendments to the Regulation "On repurchase and reverse repurchase agreements"

Repurchase agreements and reverse repurchase agreements are open market operations aiming to temporary manage the liquidity in the banking system.

The proposed amendments are of operational nature and aim at creating opportunities for longer maturities for one-week agreements.

  • Approve the Regulation "On minimum security requirements in premises where the financial and banking activities are carried out"

This regulation is a new version of the minimum security requirements in premises where banking and financial and activities are carried out, for a normal and safe conduct of activities. This Regulation shall apply on banks, branches of foreign banks, foreign exchange bureaus and non-bank financial institutions that conduct financial activities through their counters and/or agents.

The Regulation takes into account the proposals of the Albanian Association of Banks and the Albanian State Police, the conclusions drawn from the examinations of the Bank of Albania, as well as the requirements laid down in the Laws "On personal data protection" and "On private physical security service"

The Supervisory Council was also informed on the day-to-day functional and operational activities of the Bank of Albania.