Regulatory Alerts2013-01-17 | 2/2013Regulation 2/2013 on Risk Management in Non-Bank Financial Institutions (Integrated Version)
The Bank of Albania’s Supervisory Council issued this regulation to establish comprehensive risk management rules for licensed non-bank financial and microcredit institutions in Albania. It mandates the implementation of structured risk management systems, independent internal audit and compliance functions, and strict governance oversight to identify, measure, and mitigate operational exposures. The framework enforces specific quantitative limits, including a 15% maximum exposure per counterparty, aggregate large exposure caps of 600%, mandatory liquidity ratios, and defined thresholds for open foreign exchange positions.
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