Regulatory Alerts2012-11-14 | 63/2012Regulation 63/2012 on Core Management Principles for Banks and Foreign Bank Branches
The Bank of Albania’s Supervisory Council issued Regulation 63/2012 to establish core governance, risk management, and remuneration standards for domestic banks and foreign bank branches operating in Albania. The regulation mandates independent risk management units, defined risk appetite frameworks, and structured Steering Councils to ensure prudent decision-making and regulatory compliance. It further specifies eligibility criteria and documentation requirements for administrator approval, effectively replacing the 2009 framework while integrating subsequent amendments.
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