Financial Sector Assessment Program - Albania : Core Principles for Effective Deposit Insurance Systems

This assessment of compliance with the core principles for effective deposit insurance systems (core principles) was conducted as a part of the Financial Sector Assessment Program (FSAP) performed by the International Monetary Fund and the World Bank at the request of the Albanian government. This assessment was conducted by Claire McGuire, Senior Financial Sector Specialist with the World Bank, during a mission to Albania from October 28th to November 11th, 2013. The assessment was based on a review of relevant laws, regulations and regulatory and supervisory practices related to the banking sector and the operations of ADIA. Multiple meetings were held with various employees of the Bank of Albania (BOA), Ministry of Finance (MOF), the Banker's Association, the two savings and credit associations, and ADIA. ADIA completed a self-assessment in preparation for the FSAP.

Bibliographic Details

Main Authors:	World Bank, International Monetary Fund
Language:	English en_US
Published:	World Bank, Washington, DC 2014-02
Subjects:	ACCURATE INFORMATION, ADMINISTRATIVE EXPENSE, ADMINISTRATIVE PROCEDURES, ARREARAGES, ASSET RECOVERY, ASSOCIATION OF DEPOSIT INSURERS, BANK CREDIT, BANK DEPOSITS, BANK FAILURE, BANK RISK, BANK RISK TAKING, BANK RUN, BANK SECRECY, BANKING ASSETS, BANKING INDUSTRY, BANKING LAWS, BANKING SYSTEM, BLANKET GUARANTEE, BLANKET GUARANTEES, CAPITAL ADEQUACY, CAPITAL ADEQUACY RATIO, CAPITAL MARKETS, CENTRAL BANK, CLAIMS OF DEPOSITORS, CLOSE OF BUSINESS, CODE OF CONDUCT, COLLATERAL, COLLECTION SYSTEM, COMMERCIAL BANK, COMPENSATION OF DEPOSITORS, CONFLICT OF INTEREST, CONTAGION, CONTRACT ENFORCEMENT, CORRECTIVE ACTION, COST OF DEPOSIT INSURANCE, COVERAGE AMOUNT, COVERAGE LEVEL, COVERAGE LEVELS, COVERAGE LIMIT, COVERAGE LIMITS, CREDIT COOPERATIVE, CREDIT COOPERATIVES, CREDIT LINE, CREDIT RATING, CREDIT RISK, CREDITOR, DEBT BURDEN, DEPOSIT, DEPOSIT ACCOUNTS, DEPOSIT INSURANCE AGENCY, DEPOSIT INSURANCE AUTHORITIES, DEPOSIT INSURANCE COVERAGE, DEPOSIT INSURANCE PREMIUM, DEPOSIT INSURANCE PREMIUMS, DEPOSIT INSURANCE PROTECTION, DEPOSIT INSURANCE SCHEME, DEPOSIT INSURANCE SYSTEM, DEPOSIT INSURANCE SYSTEM DESIGN, DEPOSIT INSURANCE SYSTEMS, DEPOSIT INSURER, DEPOSIT OBLIGATION, DEPOSIT PROTECTION, DEPOSIT TAKING BANKS, DEPOSITOR, DIRECTIVE ON DEPOSIT INSURANCE, DISCLOSURE REQUIREMENTS, DISSOLUTION, DOMESTIC BANK, DOMESTIC BANKING, ECONOMIC ENVIRONMENT, EFFECTIVE DEPOSIT INSURANCE, ELIGIBLE DEPOSIT, ENFORCEMENT OF CREDITOR, ENFORCEMENT OF CREDITOR RIGHTS, ESTATE, EVENT OF BANK FAILURE, EXCHANGE RATE, FAILING BANK, FAILURE RESOLUTION, FINANCIAL ASSETS, FINANCIAL AUTONOMY, FINANCIAL CONDITION, FINANCIAL CRISIS, FINANCIAL DIFFICULTY, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL SAFETY NET, FINANCIAL SAFETY-NET, FINANCIAL SECTOR REFORM, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FLAT RATE PREMIUM, FLAT RATE PREMIUMS, FOREIGN BANK, FOREIGN BANKS, FOREIGN BRANCHES, FOREIGN CURRENCIES, FOREIGN CURRENCY, FOREIGN CURRENCY DEPOSITS, FOREIGN DEPOSIT, FOREIGN DEPOSITS, FOREIGN EXCHANGE, FOREIGN EXCHANGE RISK, GOOD FAITH, GOVERNMENT GUARANTEE, GOVERNMENT OBLIGATIONS, HEALTHY BANK, INCENTIVES FOR DEPOSITORS, INDIVIDUAL BANKS, INDIVIDUAL DEPOSITORS, INDIVIDUAL DEPOSITS, INFORMATION ON DEPOSIT INSURANCE, INSURABLE DEPOSIT, INSURANCE COMPANIES, INSURANCE OF DEPOSITS, INSURANCE PREMIUMS, INSURANCE SCHEME, INSURED BANK, INSURED BANKS, INSURED DEPOSIT, INSURED DEPOSIT TRANSFER, INSURED DEPOSITORS, INSURED DEPOSITS, INSURER OF DEPOSITS, INTERNATIONAL SETTLEMENTS, INVESTMENT POLICIES, INVESTMENT POLICY, INVESTMENT PORTFOLIO, INVESTMENT PRODUCTS, ISSUE OF DEPOSIT INSURANCE, JUDICIAL PROCESSES, JURISDICTION, JURISDICTIONS, LEGAL ACTION, LEGAL ACTIONS, LEGAL AUTHORITY, LEGAL FRAMEWORK, LEGAL PROTECTION, LEGAL REFORM, LEGAL REQUIREMENTS, LEGAL SYSTEM, LEVEL OF COVERAGE, LEVEL OF INSURANCE COVERAGE, LEVEL OF PREMIUMS, LIABILITY, LIABILITY STRUCTURE, LIMITED COVERAGE, LIMITED COVERAGE SYSTEM, LIMITED DEPOSIT INSURANCE, LINE OF CREDIT, LIQUID ASSETS, LIQUIDATION, LIQUIDATION PROCESS, LIQUIDATIONS, LIQUIDATOR, LIQUIDITY, LIQUIDITY RATIOS, LIQUIDITY REQUIREMENTS, LIQUIDITY RISK, MANDATE, MANDATES, MARKET DISCIPLINE, MARKET STRUCTURE, MATURITY DATE, MEMBER BANK, MEMBER BANKS, MORAL HAZARD, OBJECTIVES FOR DEPOSIT INSURANCE, OBLIGATIONS TO DEPOSITORS, OVERDUE LOANS, OWNERSHIP INTEREST, PAYMENTS TO DEPOSITORS, PREMIUM PAYMENTS, PRICE STABILITY, PRIORITY CLAIMS, PRIVATE BANKERS, PROCUREMENT, PROPERTY RIGHTS, PROTECTING DEPOSITORS, PRUDENTIAL REGULATION, PRUDENTIAL REGULATIONS, PUBLIC ACCOUNTANTS, PUBLIC DEBT, PUBLIC DEPOSIT INSURANCE, RECEIVER, RECEIVERSHIP, REGULATORY AUTHORITY, REGULATORY FRAMEWORK, SALARY, SETTLEMENT, SMALL BUSINESS, SMALL DEPOSITORS, SOLVENCY, SUPERVISORY ACTIONS, SYSTEM ASSETS, TRANSACTION ACCOUNTS, TREASURY BILL, TREASURY BILLS,
Online Access:	http://documents.worldbank.org/curated/en/2014/02/19768306/albania-core-principles-effective-deposit-insurance-systems-detailed-assessment-observance https://hdl.handle.net/10986/19296
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