EU membership, with challenges for the banking sector - Sejko: BSH, responsible for two essential chapters of European legislation
The Bank of Albania in cooperation with the Albanian Association of Banks have organized the annual conference, with the aim of analyzing the key role of the central bank and the banking system in Albania's path towards the European Union.
The governor of the Bank of Albania, Gent Sejko, said that one of the biggest challenges facing the banking sector on the road to European integration is the full exposure to competition between this sector and the European one, as a result of the free movement of capital.
"We are an integral part of the working groups for five chapters and lead two of them, Chapter 4 "Free movement of capital" and Chapter 17 "Economic and monetary policies". In itself, this process means a complete harmonization of our legal and regulatory framework with the Acquis Communautaire, and we are aware that this process will have its challenges. The free movement of capital also means full exposure to competition between this sector and the European one."
The President of the Albanian Association of Banks, Bledar Shella, listed some of the tasks that the banking sector must fulfill within the framework of integration into the European Union.
According to Eduard Shalsi, the Economic Growth Plan will further accelerate the convergence with the European Union.
In terms of structural reforms, the Bank of Albania has focused on two important directions: increasing the stability and efficiency of the banking system, as well as the further development of financial markets, payment instruments and financial education.
Headline: At the annual conference of the Bank of Albania and the Albanian Association of Banks, Governor Sejo stated that the Central Bank is responsible for the alignment with two essential chapters of European legislation. According to him, Albania's membership in the EU comes with a series of challenges for the banking sector.
Poll
"Albania, a small country with 100% renewable energy" - Rama: Words are not enough, joint actions are needed
From the Summit of World Leaders of Climate Action, Cop 29, in Azerbaijan, Prime Minister Edi Rama emphasized that carbon emissions have increased......
FOX NEWS anchor chosen as US Secretary of Defense - 44-year-old Pete Hegseth is chosen by Trump for the sensitive job
A well-known American journalist has been selected by President-elect Donald Trump to be the US Secretary of Defense. Pete Hegseth, 44, has been a co-host......
China unveils new tax incentives to revive struggling property sector!
China on Wednesday unveiled tax incentives to support the battered property sector, which will take effect from December 1 this year, according to a finance......
What happened today in the foreign exchange market?
The European currency is bought today at 97.9 Lek and sold at 98.5 Lek without any significant change from yesterday according to the local exchange......
Sejko: Unemployment was reduced by 7% while the debt from 72% to 56% of GDP!
The topic of the conference that took place today in Tirana, by the Bank of Albania in cooperation with the Albanian Association of Banks was "The role of......
The Albanian-Arab company for securities is created - How will it work and what will it be responsible for?
The Albanian government and the United Arab Emirates are creating a joint public securities printing company. The news was given by Prime Minister Edi Rama......
Kosovo pilots train at the Farka Air Base - Albania-Kosovo cooperation to increase security
The Ministry of Defense announces that it is focusing on cooperation for increasing the level of human capacities with Kosovo. Therefore, in addition to the......
Elon Musk will be Trump's "scissors" - Appointed to head the Department of Efficiency
President-elect Donald Trump named Elon Musk to head the Department of Efficiency, a new agency that will focus on cutting red tape, spending and excessive......
