The Albania Financial Services Authority reported that its Executive Director, Adela Xhemali, participated as a panellist at the regional Euromoney forum in Vienna, focusing on Albania’s progress in aligning the non-bank financial sector with European Union standards in the context of EU accession readiness. She highlighted the growing role of insurance, investment funds, private pensions and capital markets in supporting Albania’s economic growth and set out the authority’s gradual, structured approach to implementing a Solvency II-type supervisory framework. Ongoing reforms, supported by a World Bank roadmap, are intended to strengthen risk-based supervision, governance and capital resilience, with the stated objective of improving transparency, regulatory predictability and investor confidence.
Albania Financial Services Authority 2026-01-14
Albania Financial Services Authority outlines phased implementation of Solvency II-type supervision at Euromoney forum in Vienna
Albania Financial Services Authority's Executive Director, Adela Xhemali, participated in the Euromoney forum in Vienna, discussing aligning Albania's non-bank financial sector with EU standards. She emphasized the sector's role in economic growth and outlined a structured approach to implementing a Solvency II-type supervisory framework. Reforms, supported by a World Bank roadmap, aim to enhance risk-based supervision, governance, and capital resilience.