2008 Program

SPI Program 2008

The 2008 SPI Albania program was built through a transparent and extensive consultation process with SPI Albania stakeholders, through a questionnaire-based survey and interviews with banks' and BoA's representatives. The result of these consultations was a comprehensive pipeline, out of which stakeholders selected the top priority issues to be firstly undertaken under SPI Albania.

The program consists of several projects that aim at fulfilling the European Central Bank financial modernization criteria:

• Reducing asymmetric information;
• Completing the market;
• Increasing opportunities to engage in financial transactions;
• Reducing transaction costs;
• Increasing competition.

Projects:

• Improving Auction Procedures for Immovable Collateral under Foreclosure
• The impact on the banking regulation of the IFRS implementation
• Reducing Cash Transactions
• Reviewing the Capital Adequacy Regulation
• Consumer Financial Education

Program Matrix

The Program Matrix demonstrates how our first batch of projects are positioned in relation to European Central Bank and Italian Banking Association (ABI) benchmark financial modernization program criteria.