Banking Agency of the Federation of Bosnia and Herzegovina calls for stronger home host coordination on cross border bank supervision at World Bank FinSAC conference

The Banking Agency of the Federation of Bosnia and Herzegovina reported that its director, Jasmin Mahmuzić, participated in a high-level international conference in Vienna on “Financial Sector Stability in Times of Geopolitical Turbulence” organised by the World Bank’s FinSAC centre, where he contributed to discussions on cross-border supervision in Europe. As a panellist on “Cross-border supervision in Europe: state and challenges”, alongside Fernando Restoy (Financial Stability Institute), Eduard Müller (Austrian Financial Market Authority) and Jean Pesme (World Bank), the discussion covered progress and remaining technical and political challenges in integrating banking supervision in Europe in the context of the European Banking Union and European Union enlargement. Mahmuzić highlighted the strategic importance of close cooperation between the Banking Agency and supervisors in the home jurisdictions of parent banks of banking groups operating in Bosnia and Herzegovina, including timely data exchange and coordinated actions to improve oversight of cross-border groups and strengthen system resilience. The panel also noted the contribution of EU banking groups operating in Bosnia and Herzegovina through skilled employment, tax revenues and innovation, and the role of consistent regulation and deeper economic integration with the EU in supporting these effects.