EBA welcomes Central Bank of Kosovo to the Memorandum of Cooperation with South Eastern European banking supervisors

The European Banking Authority (EBA) welcomed the Central Bank of Kosovo as an additional signatory party to the Memorandum of Cooperation (MoC) with banking supervisory authorities in several South-Eastern European (SEE) countries. The MoC was signed in 2015 to establish a framework for cooperation and information exchange. 

 

Further to the positive assessment of the professional secrecy and confidentiality regime, the EBA extended the Memorandum of Cooperation (MoC) between the EBA and the supervisory authorities of several SEE countries to the Central Bank of Kosovo*.

 

The MoC, which was signed in 2015 under the auspices of the Vienna Initiative – the public-private network established to safeguard the financial stability of emerging Europe – already included signatory supervisory authorities from the Federation of Bosnia and Herzegovina, the Republic of Srpska, the former Yugoslav Republic of Macedonia, Montenegro, the Republic of Serbia and Albania.

 

This non-binding agreement establishes a framework of cooperation and information exchange designed to strengthen banking regulation and supervision of banks operating in the EU and in the SEE countries. 

 

* This designation is without prejudice to positions on status, and is in line with UNSC 1244 and the ICJ Opinion on the Kosovo Declaration of Independence.