Regulatory Alerts2020-11-04 | 61/2020Regulation 61/2020 on Early Intervention Measures and Temporary Administration
The Bank of Albania’s Supervisory Council issued Regulation 61/2020 to establish the specific conditions and procedures for applying early intervention measures to banks. It requires supervisors to trigger these actions when overall SREP scores meet defined thresholds or when material indicator changes and significant operational events occur. The regulation further details the appointment, competencies, reporting obligations, remuneration, and maximum one-year term of temporary administrators tasked with restoring a bank’s financial stability when initial measures prove insufficient.
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