Regulatory Alerts2019-08-29
Regulation on Corporate Governance of Banks
The Central Bank of Kosovo issued this regulation to establish minimum corporate governance standards for all licensed banks, defining the core responsibilities of shareholders, the Board of Directors, and senior management. It mandates written codes of conduct, requires continuous "fit and proper" shareholder status with prior regulatory approval for major share acquisitions, and enforces strict independence criteria for board composition. The framework further standardizes risk appetite determination, conflict of interest management, and related-party transactions to ensure long-term banking sector stability.
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