To successfully achive the path of financial modernization Convergence Program applies the five European Central Bank’s criteria in all its projects. The criteria includes the pilars of: 1) Asymmetry of Information 2) Incompleteness of Market 3) Engaging in Financial Transactions 4) Transaction Costs 5) Lack of Competition. This table represents a summary of all projects developed by our regional SPI platforms since 2007 up to date.
Work-in-Progress
Bank’s Ethics Code |
Recommendation |
TOR |
Romania |
Bank’s Future Contributions to RDGF |
Recommendation |
TOR |
Romania |
Central Depository Services |
Recommendation |
TOR |
Albania |
Co-financing with EU Structural Funds |
Recommendation |
TOR |
Romania |
Developing T-bills OTC Market |
Recommendation |
TOR |
Romania |
Enhancing Consumer Protection and Bank Products Information |
Recommendation |
TOR |
Romania |
Increasing Bank Lending under PPS |
Recommendation |
TOR |
Romania |
Modernizing T-bills Regulatory Framework |
Recommendation |
TOR |
Romania |
Reducing Paper-based Documents |
Recommendation |
TOR |
Romania |
Reviewing Capital Adequacy |
Recommendation |
TOR |
Albania |
Reviewing Bad Debts Recovery Procedures |
Recommendation |
TOR |
Romania |
Revising Public Procurement Law |
Recommendation |
TOR |
Albania |
Revising Foreign Currency Open Position |
Recommendation |
TOR |
Albania |