Central Bank of Bosnia and Herzegovina receives Central Banking Award for financial stability reforms

The Central Bank of Bosnia and Herzegovina announced that Governor Jasmina Selimović received an international Central Banking Award in London on behalf of the institution for its initiative in the financial stability field. The award recognized the bank’s reform and development work to modernize the financial system, improve the regulatory framework and strengthen institutional resilience in Bosnia and Herzegovina. The award citation highlighted the central bank’s strategic approach to strengthening financial system resilience and its role in bringing together relevant parties in a complex institutional and economic environment. Measures singled out included completing a regulatory framework aligned with European Union standards as part of preparations for Bosnia and Herzegovina’s accession to the Single Euro Payments Area, developing instant payments through the TIPS Clone project with the Bank of Italy, and improving cyber resilience through mechanisms for exchanging information on cyber risks and incidents. The recognition also covered sustainable finance work, including integrating climate risks into the macroprudential framework, as well as initiatives on financial literacy, inclusion and gender equality, and reforms in currency operations and convertible mark banknote design. In remarks at the ceremony, Selimović said the central bank would continue work on payment system modernization, cyber resilience, sustainable finance, financial inclusion and other reform activities aimed at strengthening financial system resilience.