Agreements and cooperation
In its capacity as the Resolution Authority in Albania, the Bank of Albania cooperates with national and international authorities and partners. This cooperation supports the mandate of the central bank towards planning and implementing resolution.
At the national level, the Bank of Albania cooperates with public authorities like the Ministry of Finance and Economy, the Deposits Insurance Agency, the State Aid Commission, as well as auditors, appraisers, legal advisers etc., to prepare as early as possible the planning and successful implementation of resolution. At the same time, this cooperation serves as an adequate platform to coordinate activities.
At the international level, the Bank of Albania enters into cooperation agreements with resolution authorities in another countries and international organisations that are responsible for the resolution.
EU-based banks have a significant share in the activities of the banking sector in Albania. Therefore, cooperation and communication with the European resolution authorities is very important.