The Central Bank of the Republic of Kosovo reported that Governor Ahmet Ismaili met United Kingdom Ambassador Jonathan Hargreaves to review recent developments in Kosovo’s financial system and discuss strengthening institutional cooperation, including around legal and regulatory reforms and the integrity and sustainability of the financial system. The discussion covered UK support delivered through development agencies such as DFID and current work to expand cooperation with the Bank of England and the UK authority responsible for market supervision and consumer protection. The Central Bank also outlined progress in aligning Kosovo’s legal and regulatory framework with European Union requirements, including preparations for joining the Single Euro Payments Area (SEPA), while noting that constitutional review has delayed publication of financial sector laws and affected the dynamics of its SEPA pre-application assessment with relevant EU institutions. The meeting also reviewed the Central Bank’s internal governance and organisational reforms and its ongoing review of the legal framework to combat currency counterfeiting, supported by the European Union Office in Pristina and the Croatian National Bank. The parties agreed to examine further opportunities for cooperation and support from UK authorities to advance priorities for the financial sector, the domestic economy and international financial integration.

Original source View in tracker