2010-07-14 | 48/2010Added · Updated
The Supervisory Council issued Regulation 48/2010 to establish binding rules and criteria for calculating, monitoring, reporting, and supervising banks' open foreign exchange positions. The framework mandates standardized risk management procedures to mitigate currency exposure and ensure consistent supervisory oversight across banking operations. Entering into force on 21 August 2010, the regulation standardizes reporting requirements and strengthens institutional controls against foreign exchange volatility.
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Type: Rules
Approved by: Supervisory Council
Number: 48
Date: 14.07.2010
Enter into force: 21.08.2010
Published in: Official Journal
on: 06.05.2010
Category: Supervision
Department: Banking Supervision
This Regulation aims to set out the rules and criteria for the calculation, monitoring, reporting and the supervision of the banks’ open foreign exchange positions, in order to manage the foreign exchange risk.
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Source: Bank of Albania — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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