Regulation 63/2012 “On the core management principles of banks and branches of foreign banks and the criteria on the approval of their administrators”, integrated version

Type: Rules
Approved by: Supervisory Council
Number: 63
Date: 14.11.2012
Enter into force: 30.06.2022
Published in: Official Journal
on: 15.04.2022
Category: Supervision
Department: Banking Supervision

The purpose of this Regulation is: set out the core principles and regulations for a responsible and efficient management of banks and branches of foreign banks; set out the criteria the administrators of banks and branches of foreign banks should meet, and the needed documentation on their approval from the Bank of Albania, and set out the criteria on the finalisation of agreements with third parties on the conduction of functions and duties for the administration and management of banks.