The explanatory meetings were held on Friday in Brussels for Chapter 9 “Financial services” where the Financial Supervision Authority is the leading institution.

The Authority was represented by the general executive director, Ervin Mete, in the capacity of negotiator of Chapter 9, which includes the Bank of Albania, the Deposit Insurance Agency and the Institute of Statistics as contributing institutions.
During the meetings with the experts of the European Commission, they emphasized that it is essential to prepare for the negotiation process of the chapters and further alignment of the Albanian legislation with the EU acquis.

The meeting was opened by the team leader for Albania in the General Directorate for Neighborhood and Enlargement in the European Commission, Vincent Rey, as well as Majlinda Dhuka, Minister of State and Chief Negotiator of Albania, as well as Drita Abdiu Halili, Deputy Chief Negotiator of North Macedonia.
Afterwards, the experts of the European Commission presented the directives and requirements that Albania must fulfill in Chapter 9 “Financial services.”

Presentations by European experts focused on European regulations and directives for banks and financial conglomerates, financial market infrastructure, capital markets and investment services, insurance and sustainable finance.

Acquis in Chapter 9 regulates financial services in the banking field, that of insurance, voluntary pensions, investment services and securities markets, where the Authority oversees most of these markets, while the Bank of Albania supervises the banking sector.
During the last years, a significant part of the laws on the markets under the supervision of the Authority has been changed, aligning them with the directives and the European legal framework.
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