Regulatory Alerts2012-11-29
Central Bank of Kosovo Regulation on Operational Risk Management
The Board of the Central Bank of Kosovo issued Regulation 9 to establish comprehensive operational risk management frameworks for all licensed banks and foreign bank branches. The regulation mandates that institutions implement structured risk identification, assessment, and mitigation systems overseen by the Board of Directors and senior management, while specifying capital calculation methods such as the Basic Indicator and Standardized Approaches. It further requires standardized loss event classification, robust internal controls across departments, and mandatory annual or immediate reporting of material risk events to the regulator.
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