Albania : financial system stability assessment, including reports on the observance of standards and codes on the following topics : banking supervision and payment systems / prepared by the Monetary and Financial Systems and European Depts
Contents -- GLOSSARY -- EXECUTIVE SUMMARY -- I. MACROECONOMIC ENVIRONMENT -- II. MONETARY POLICY AND LIQUIDITY MANAGEMENT -- III. MACROPRUDENTIAL ANALYSIS OF RISKS TO FINANCIAL STABILITY -- IV. STRENGTHS AND VULNERABILITIES: THE FINANCIAL STABILITY POLICY FRAMEWORK -- ANNEX
Summary
This paper discusses key finding of the Financial System Stability Assessment, including Reports on the Observance of Standards and Codes (ROSC) on the Banking Supervision and Payment Systems in Albania. The assessment reveals that the Albanian financial system is not highly vulnerable to immediate macroeconomic or financial sector shocks. However, accelerating credit growth and increased competition arising from the recent privatization of a dominant (savings) bank may put pressure on the banking system. The financial system is also at an early stage of development
