Supervision Annual Report 2016

Supervision Annual Report 2016
Author: Bank of Albania
Printed on: 23.06.2017
Production date: 23.06.2017
Material category : Periodic Publications / Banking Supervision Annual Report
Supervision is one of the main functions of the Bank of Albania. Its purpose is to consistently exercise adequate control over the banks and other entities that carry out financial activities licensed by the Bank of Albania. Pursuant to its legal responsibilities as the supervisory authority, the Bank of Albania aims to safeguard the banks soundness, and the banking and financial system stability, as well as to prevent crises in this sector and protect depositors. In view of fulfilling its mission, the supervision exercises three main functions: licensing of financial entities, regulation of their activity and constant control of activity