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As from 16 April 2009 SPI Secretariat makes documents for Project Working Group discussion available for public information prior to Project Working Group meetings to increase transparency of the SPI Albania solution searching and technical consensus-building activities.

 

Past Events 

February 25, 2010 - Revising Debt Contracting Regulatory Framework- The Project Working Groups groups have approved SPI Albania's Final Recommendation of the the Debt Contracting Project.

February 15, 2010 - The SPI Albania Committee sent a Thank You letter to the World Bank and its financial partners (Italy's Ministry of Economy and Finance and Apulia Region) for the Convergence Program’s assistance.

February 11, 2010 - SPI Committee members wrote to the Chairman of the Association of Albanian Banks on the SPI Albania future.

 

February 04, 2010 - Central Securities Depository Project: Release of Consultative Report on Establishing Central Securities Depository.

January 28, 2010 - Third Project Working Group on Execution of Bank Accounts

January 22, 2010 - Second Project Working Group on Central Services Depository - The Project Working groups gathered to discuss the Scoping of Problems and share international experiences related to assessing the feasibility of establishing a Central Services Depository. Attached is the Agenda and Minutes.

January 20, 2010 - Release of SPI Albania December Activity Report: The SPI Albania December Activity Report was released.

January 11-12, 2010 - Regulatory Impact Assessment Workshop: Sponsored by SPI Albania partners, Bank of Albania, Association of Albanian Banks and Convergence Programme, a Regulatory Impact Assessment was delivered by Mr. Qamar Zaman, former Senior Associate at UK's Financial Services Authority. The seminar  focused on training the local financial and banking community on regulatory practices and impact assessment with various business cases. Attached is the seminar Agenda , List of Participants, Presentation , Case StudyParticipants Evaluation and Instructor's Evaluation.

December 17 ,2009 - Fifth SPI Committee Meeting: The SPI Committee gathered to review SPI Albania's activities and discuss the future program's  outlooks for year 2010-2012. Attached is the Agenda and Minutes.

December 10,2009 - Foreign Exchange Open Position First Project Working Group meeting: Attached is the Agenda and Minutes.

December 08, 2009 - Release of the SPI Secretariat November Report: The SPI Secretariat November Report was released.

November 24-26, 2009- EU TAIEX Expert Mission on Revising Debt Contracting Regulatory Framework: The aim of the EU TAIEX expert mission assistance was to provide the best information and knowledge to the better definition of public procurement of financial advisory services. Attached is the Agenda of the technical program, the meeting Minutes and the Evaluation Report.

November 24, 2009 - Release of SPI Albania 2009 Annual Report: The SPI Secretariat 2009 annual  report was released.

November 19, 2009 -  SPI Albania releases Report on Operational Activities - the engine of the financial modernization program.

November 05, 2009 - Evaluation of SPI Secretariat Activities: Aggregating 26 individual submissions, the SPI Albania Secretariat released a Report that highlights the high appreciation by the financial community of its analytical and honest broker capabilities which have contributed to the successful completion of five SPI Albania projects.

November 05, 2009 - Release of SPI Secretariat October Report: The SPI Secretariat October activity report was released.

November 04, 2009- Improving Consumer Financial Education Project: The SPI Committee communicated to the Minister of Economy, Trade and Energy the successful conclusion of the project, with a recommendation to incorporate its main conclusions in a future Government strategy.

November 04, 2009 - Bank Account's Project First Working Group Minutes: The SPI Secretariat released the draft minutes of the First Project Working Group Meeting.

November 04, 2009 - Enactment of Bank's Liquidity Risk Management Project - Bank of Albania's enacted Regulation on Liquidity Risk Management marking the conclusion of SPI Albania's Liquidity Risk Management Project.

November 03, 2009 - Release of Bank's Liquidity Risk Management Evaluation Results: Based on the evaluation questionnaire responses from the participating PWG members, SPI Secretariat drafted a summary of findings for the SPI Secretariat's contribution evaluation on the Bank's Liquidity Risk Management Project.

October 22, 2009 -Bank Accounts - First Project Working Group Meeting: The project started after the endorsement of the ToRs by the Project Management Team and the completion of the PWG members' recruitment process. Pleaser refer to the Agenda.

October 14, 2009 - Release of SPI Secretariat September report: The SPI Secretariat September activity report was released.

September 23, 2009 - CIPE Funding Opportunities: AAB Chairman and SPI Committee member Mr. Libero Catalano, together with SPI Secretariat, met with CIPE Regional Program Officer Ms. Natalia Otel Belan to discuss funding opportunities.

September 11-13, 2009 - Regional Conference on "Public Policies and Political Decision-Making" Zagreb, Croatia: Ms.Evis Gjebrea, SPI Secretariat, made a presentation on Theoretical Concepts of Policy Analysis and illustrated them through the SPI Albania Case Study as practical application of the  policy analysis methodology.

September 10, 2009 - Bank-Enterprise Adriatic Observatory: SPI Secretariat issued a project briefing for the Albanian partners.

September 03, 2009 - Enhancing Bank's Liquidity Risk Management: Project Working Group approved the distribution of Final Recommendations to SPI Committee in this transmittal.

September 2-3, 2009 - Bank-Enterprise Adriatic Observatory: SPI Secretariat hosted a technical discussions among AAB, Bank of Albania, Convergence Program and Regione Puglia experts on the preparation of a project proposal to receive EU funding for the continuation of the SPI Albania activities.

August 14, 2009 - Release of SPI Secretariat July report: The SPI Secretariat July activity report was released.

July 22, 2009 - Debt Procurement - Second Project Working Group Meeting: During their second meeting, the PWG members discussed and approved the Scoping of the Problem Document and the Note on International Experience. Please refer to the Agenda and Minutes.

July 16, 2009 - IFC draws lessons from the Auction Procedures SPI Project - The accomplishments of the Auction Procedures Project Working Group are captured in an IFC SmartLesson.

July 14, 2009 - Release of SPI Secretariat June report: The SPI Secretariat June activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

July 10, 2009 - Enhancing Bank's Liquidity Risk Management: Following the PWG's technical discussions the SPI Secretariat aggregated an analysis and summary of consultations to facilitate AAB's review of Bank of Albania's Liquidity Risk Management regulations.

July 10 , 2009 - Reviewing the Capital Adequacy Regulation: The SPI Secretariat approved the questionnaires and division of tasks for different issues related to the Capital Adequacy Regulation.

July 03, 2009 - SPI Secretariat Management Changes: SPI Regional Operations Director Mrs Ramona Bratu has concluded her mandate after a full year of immense support to SPI Albania's activities. The SPI Committee Members have sent a thank you letter acknowledging Mrs. Bratu's contributions.The SPI Community wishes her success in all future endeavors. Her successor is Mrs. Greta Minxhozi, Senior Operations Officer, World Bank Tirana Office.

June 29, 2009 - Regione Puglia: SPI Committee Members Libero Catalano and Luigi Passamonti met in Bari with officials from Regione Puglia's Mediterranean Department to discuss a joint project to establish an "Osservatorio Banche-Imprese" with proposed EU funding support. The project, which aims to provide continuity to SPI Albania's analytical activities beyond 2010, will include establishment of similar activities in neighboring countries (SPI Adriatic).

June 25, 2009 - Fourth SPI Albania Committee Meeting: The SPI Committee endorses the final Project Working Group recommendations for the Reducing Cash Transaction and Improvement of Consumer Financial Education projects.Please refer to the Agenda and Minutes attached here.

June 24, 2009- Italian Banking Association - The Head of Convergence Program gave a presentation on an International Perspective of Household Financial Services at the final roundtable of the Annual Conference on Household Financing organized by the Association of Italian Banks.

June 18, 2009 - European Banking Federation: The EBF June 2009 Newsletter covers the SPI Platform, as one of the "key developments in the life of its Associate Members".

June 10, 2009 - Release of SPI Secretariat May report: The SPI Secretariat May activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

May 29, 2009Improving Consumer Financial Education: Project Working Group approves distribution of Final Recommendations to SPI Committee.

May 27, 2009 - Release of Reducing Cash Transactions Evaluation Results: Based on the evaluation questionnaire responses from the partcipating PWG members, SPI Secretariat drafted the summary of findings for the SPI Secretariat's contribution evaluation for the project on Reducing Cash Transactions.

May 21, 2009 - Debt Procurement - First Project Working Group Meeting: The project started after the endorsement of the ToRs by the Ministry of Finance and after the completion of the recruitment process for PWG members. Please refer to the Agenda and Minutes attached here.

May 20, 2009 - Reducing Cash Transactions: Project Working Group approves distribution of Final Recommendations to SPI Committee.

May 20, 2009 - Enhancing Banks’ Liquidity : Second Project Working Group Meeting: The PWG main discussions were related to the Bank of Albania draft proposal on the new regulation for managing bank's liquidity risk. Please refer to the Agenda and Minutes attached here.

May 18, 2009 - Ernst & Young Donor Dynamics Magazine carried a story on SPI Albania activities in a feature called "A Chance for Market Reform".

May 11, 2009 - FIRST Funding Enquiries: The SPI Secretariat sends second inquiry (summary) for FIRST funding.

May 7, 2009 - Release of SPI Secretariat April report: The SPI Secretariat April activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

April 28-30, 2009 - World Bank Group Public- Private Dialogue International Workshop, Vienna: SPI Regional Operations Director, Mrs. Ramona Bratu, discussed a case study on the SPI Albania financial sector modernization initiative.Additional information on this workshop can be found in the event memo.

April 23, 2009 - Improving Consumer Financial Education - Third Project Working Group Meeting: The PWG discussed and approved the recommended National Strategy for Consumer Financial Education as well as the Medium-Term Action Plan.

April 21, 2009 - Cash Transactions - Fifth Project Working Group Meeting: In their final PWG meeting the members discussed and approved the final PWG recommendations on the reduction of cash in Albania as well as the draft Protocol to be signed by all the second-level banks after SPI Committee endorsement.

April 13-17, 2009 - Financial Sector Modernization in Armenia: Upon invitation from USAID, the SPI Regional Operations Director, Mrs. Ramona Bratu, road-showed the SPI Platform to the Armenian Financial Community.

April 10, 2009 - Release of SPI Secretariat Note on Alternative Funding Sources: The note highlights the identified possibilities for SPI Albania’s external funding as well as the proposed action plan. The note was delivered to the SPI Committee for information.

April 3, 2009 - Release of SPI Secretariat March report: The SPI Secretariat March activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

April 2-3, 2009 - SPI Albania participates in Regional Donors' Coordination: Organized jointly by the European Commission and Albanian Council of Ministers, the Conference on Donor Co-ordination in the Western Balkans and Turkey took place for the first time in Tirana. SPI Albania participated and shared its experience under the Financial Cooperation Discussion. Copies of SPI Albania Committee Presentation and SPI Albania Secretariat Presentations are available for all the participants.

April 1, 2009 - Release of Auction Procedures Evaluation Results: Based on the evaluation questionnaire responses from the partcipating PWG members, SPI Secretariat drafted the summary of findings for the SPI Secretariat's contribution evaluation for the project on Auction Procedures.

March 31, 2009 - Convergence Program released a conceptual framework for SPI Albania's financial modernization program, building on the European Central Bank financial integration taxonomy. This work was made possible by a grant from Regione Puglia's Aquifalc Program.

March 17, 2009 - Release of SPI Secretariat February report: The SPI Secretariat February activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

March 13, 2009 - Enhancing Banks’ Liquidity Risk Management - First Project Working Group Meeting: After the approval of the first documents, SPI Secretariat is currently aggregating the data from the current practices of the banks on their liquidity risk management. Please refer to the Agenda and Minutes attached here.

March 12, 2009 - Third SPI Albania Committee Meeting: During the third meeting the SPI Committee approved the 2009 SPI Albania Activity Program. Please refer to the Agenda and Minutes attached here.

March 9, 2009 - Improving Consumer Financial Education - Second Project Working Group Meeting: During their second meeting, the PWG members analyzed the impact of Consumer Financial Education for consumers, banks and regulators. Please refer to the Agenda and Minutes attached here.

March 4, 2009 - Reducing Cash Transaction - Fourth Project Working Group Meeting: During their fourth meeting, the PWG members validated the results of the Cost-Benefit Questionnaires and discussed on the proposed recommendations. Please refer to the Agenda and Minutes attached here.

February 25, 2009 - SPI Albania in the Press: 'Panorama', one of the largest dailies in Albania, published an article on SPI Albania as part of the World Bank assistance in the modernization of the financial sector in the country. To read the full article in English click here.

February 24, 2009 - World Bank Group's Support to Structured Public-Private Reform Platforms: The World Bank Group has issued a review of 31 reform platforms worldwide. The Convergence Program's SPI Platform ranks in the Top Three. Attached is a summary of findings relevant to the SPI Platform perfornance.

February 11, 2009 - Endrita Xhaferaj joined SPI Albania as SPI Director, Financial Modernization Program and Analytics: Ms. Endrita Xhaferaj joins SPI Albania Secretariat after more than 7 years of experience in Bank of Albania Statistics Department. Ms. Xhaferraj will be responsible for all analytical activities of SPI Albania Projects. SPI Albania community welcomes her and wishes her success in this important step in her career.

February 10, 2009 - Release of SPI Secretariat January report: The SPI Secretariat January activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

February 2, 2009- Elona Bollano, Director of Analytics and Policy leaves SPI Albania: SPI Albania Director of Analytics and Policy, Elona Bollano has decided to leave SPI Secretariat for a new career in commercial banking. Acknowledging Ms. Bollano's contributions in building-up a strong technical foundation for the SPI Secretariat, SPI Albania community wishes her success in the new career.

January 29, 2009 - Improving Consumer Financial Education - First Project Working Group Meeting: The first Working Group meeting on “Improving Consumer Financial Education” took place. Please refer to the Agenda and Minutes attached here.

January 26, 2009 - New AAB Chairman to join SPI Albania Committee: Following the AAB elections, Mr. Libero Catalano, Banca Italiana di Sviluppo General Manager will be replacing Mr. Edvin Libohova, the former AAB Chairman in his function of SPI Committee member. The SPI Secretariat wishes to express its enormous gratitude for Mr. Libohova's support in establishing SPI Albania and for his dedication and commitment in promoting SPI Albania activities.

January 23, 2009- Conference on SPI Albania- One year since its Inception: Organized by the Albanian Association of Banks and with the participation of Bank of Albania, the objective of the conference was to present SPI Albania achievements and impact in the Albanian Financial Sector as well as to inform the financial community on the current status and prospects for year 2009. The seminar was held at Tirana International Hotel. The event was chaired by the President of the Association of Albanian Banks Mr. Edvin Libohova. This picture shows SPI Auction Procedures Project Manager Veronika Prifti address the audience with AAB President and SPI Regional Operations Director Mrs. Ramona Bratu in attendance.

January 23, 2009 - Release of SPI Secretariat annual activity report: The SPI Secretariat annual activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

January 22, 2009 - Capital Adequacy Project - Second Project Working Group Meeting: The First Working Group meeting on Capital Adequacy Project took place. Please refer to the Agenda and Minutes attached here.

January 19, 2009 - Convergence Program Expansion Plans: The Head of the Convergence Program releases a Questions and Answers Note outlining plans to expand the activities beyond South-East Europe.

January 15, 2009- Conference on SPI Albania: Organized by SPI Albania and European University of Tirana, the objective of the conference is the presentation of the SPI Albania modernization platform and the SPI Albania methodology. The seminar was held at European University of Tirana.

January 14, 2009- Starting the 2009 SPI Albania Program build-up: SPI Albania started the consultation process for building up the 2009 Activity Program, based on a questionnaire delivered to all stakeholders. The questionnaire contains references on the areas to consider for issues to be solved.

January 5, 2009- SPI Albania Secretariat Expands: Ms. Evis Gjebrea joined the SPI Secretariat for a 2 month short term appointment. Ms Gjebrea will assist SPI Secretariat on the drafting of the 2009 Program and Projects' Terms of References.

December 29, 2008 - Parliament approved some changes and amendments in the Civil Procedure Code: After the CPC changes and amendments were discussed in the Parliamentary Commission of Legal Affairs, Public Administration and Human Rights, where Auction Procedures Project Management Team and AAB representatives participated, the Parliament approved, during the plenary session, the Commission proposals as presented.

December 22, 2008 - Release of SPI Secretariat November and December report: The SPI Secretariat November and December activity report were released. The reports were distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

December 11, 2008- Parliament approves Draft Law on the Liberalization of the Bailiff Services The Parliament approved in their plenary session the Draft Law, which included Auction Procedures Project Working Group comments and suggestions.

December 5, 2008 - FIRST Initiative Funding: The SPI Committee sends a project summary inquiry for possible FIRST Initiative funding.

December 3-9, 2008 - IFC assesses SPI Albania: An IFC expert, Mr. Malcom Toland, visited Albania in early December to assess SPI Albania's financial sector modernization impact. Mr Toland had 22 different meetings SPI Committee Members and Permanent Observers, Project Management Teams and PWG members as well as other SPI Albania partners.

December 9, 2008 - European University of Tirana and SPI Albania discussed future collaboration: In a meeting with Mr. Ardian Civici, Rector of the European University of Tirana, and Professor. Ermela Kripa, Mr. Luigi Passamonti, Head of Convergence Program, and Ms. Ramona Bratu, SPI Regional Operations Director, discussed the possibilities of collaboration between SPI Secretariat and EUT academic staff and students on analytical issues. The main issues of collaboration will be highlighted in a Memorandum of Understanding to be signed by both parties.

December 5, 2008 - Capital Adequacy Project - First Project Working Group Meeting: The First Working Group meeting on Capital Adequacy Project took place. Please refer to the Agenda and Minutes attached here.

December 5, 2008 - Project Working Group for Capital Adequacy Project to expand: During the first meeting of the PWG for Reviewing the Capital Adequacy Regulation, PWG members and PM suggested to further enlarge the PWG by inviting all 16 banks' representatives due to the importance of this project objective. The entire process of Basel II implementation will require constant consultations in the future with all banking community, therefore gathering a large PWG would create the foundation for a long lasting dialogue.

November 27, 2008 - Reducing Cash Transactions - Third Project Working Group Meeting: The Third Working Group Meeting for the Project on Reducing Cash Transactions took place. Please refer to the Agenda and Minutes attached here.

November 21, 2008 - Release of SPI Secretariat October report: The SPI Secretariat October activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

November 19, 2008- SPI Albania is looking for a General Manager: The SPI Albania General Manager will be responsible to lead the SPI Secretariat activities in order to ensure the time and quality achievements of the SPI Albania Objectives. Please refer to the Job Ad for more information.

November 7, 2008- SPI Albania Conference in Bari, Italy: Under the auspices of the EU-funded AquiFalc project, Regione Puglia organized the conference to review the activities of SPI Albania and discuss an innovative framework to identify financial sector modernization regulatory change opportunities. AAB Chairman and SPI Committee member Mr. Libohova had an intervention on AAB's expectations versus up to date accomplishments in respect of SPI Albania.

November 6, 2008 - European Banking Federation Executive Committee: The Head of Convergence addressed the EBF Executive Committee on the prospects to forge a partnership between European Banking Federation and European Commission to promote SPI platforms across EU candidate and associate countries.

November 5, 2008 - SPI Albania Project Management Team Workshop: SPI Albania held its first workshop with the Project Management Teams from the first 3 projects. The workshop was intended to facilitate experience sharing among the Project Management Teams of the first projects and to provide a valuable feedback for future improvement of SPI Albania activities.

November 4, 2008 - Second SPI Committee Meeting: In their second meeting the SPI Committee endorsed the final document for IFRS implementation project, and the final documents for the first two stages of the Project on Auction Procedures. SPI Committee also discussed issues related to future activities, institutional and organizational framework of SPI Albania.

October 29, 2008 - IFRS Implementation - Fourth Project Working Group Meeting: The Fourth Working Group meeting on The impact on the banking regulation of the IFRS implementation took place. Please refer to the Agenda and Minutes attached here.

October 28, 2008 - Improving Auction Procedure Project - Fourth Project Working Group Meeting: The Fourth Working Group Meeting for the Project on Improving Auction Procedures for Immovable Collateral under Foreclosure took place. Please refer to the Agenda and Minutes attached here.

October 27, 2008 - SPI Albania was invited to the Parliamentary Hearings: Auction Procedures Project Management Team and AAB representatives participated in the hearing session of the Parliamentary Commission of Legal Affairs, Public Administration and Human Rights on the amendment proposals to the Civil Procedure Code. The Project Manager, Ms. Veronika Prifti presented to the Chairman, Mr. Rusmaili, and the members of the commission the Project Working Group amendment proposals and their respective arguments.

October 21, 2008 - SPI meets with Albanian Tax Authorities: SPI Secretariat and the Project Management Team for IFRS Implementation met with the Deputy Minister of Finance Mr. Florjon Mima, and Mr. Ylber Beizo, Head of the Accounting Department in the General Directory of Taxes to discuss on changes in tax reporting introduced after IFRS implementation.

October 14, 2008 - SPI meets with the Delegation of European Commission in Albania: As a follow up to Auction Procedures Project Owner correspondence to several institutions to map all related activities in this field, SPI Secretariat met with Mr. Aneil Sing, Head of Justice and Home Affairs Section and Ms. Ledia Muco, Economic and Trade Adviser.

October 14, 2008 - Release of SPI Secretariat September report: The SPI Secretariat September activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

October 13, 2008 - SPI Albania discusses Civil Procedure Code changes with Ministry of Justice: The SPI Secretariat and the PM of the project on Auction Procedures discussed the proposals of the PWG with Mr. Pal Metaj, Director of Foreclosure Department and Mr. Enid Minarolli, Adviser to the Minister of Justice. The representatives from MoJ agreed to include a major number of the PWG recommendations in the package to be forwarded to the Legal Parliamentary Commission.

October 6, 2008 - SPI Committee Member Mr. Libohova sends documents to Ministry of Justice: SPI Committee member and AAB Chairman, Mr. Edvin Libohova, sent the package on "Auction Procedures" to the Albanian Legal Parliamentary Commission to consider changes on the Draft Law on Bailiff Services Liberalization and on the Civil Procedure Code. The SPI Project Manager sent the same documents to MoJ for consideration.

October 3, 2008 - Auction Procedures Project Management Team Reacts to Council of Ministers decision: As a response to a recent decision of the Council of Ministers to forward to the parliament legislative initiatives on contract enforcement, SPI Project Owner of the project on Auction Procedures forwarded to SPI Committee members the up-to-date documents prepared by PWG for further actions and support. The documents under the SPI Project will be finalized by the end of October.

September 29 - October 01, 2008 - Regulatory Impact Assessment (RIA) Seminar: The Convergence Program launched the second edition of the RIA seminar in collaboration with Center of Excellence in Finance (CEF) in Ljubljana, Slovenia. A variety of RIA cases developed in Albania, Bulgaria and Romania by the various local stakeholders were the highlight of the event. Attached is the seminar agenda with documents.

September 26, 2008 - Improving Auction Procedure Project - Third Project Working Group Meeting: The Third Working Group Meeting for the Project on Improving Auction Procedures for Immovable Collateral under Foreclosure took place. Please refer to the Agenda and Minutes attached here.

September 24, 2008 - SPI Secretariat forwards Project Working Group contributions on Auction Procedures to Ministry of Justice: At MoJ Request, SPI Secretariat sent on behalf of the PWG a package of documents drafted within SPI Project on Auction Procedures : PWG comments on the Liberalization of the Bailiff Services Draft Law and the findings of the Banking survey on banks' difficulties in Dealing with Bailiff Service.

September 24, 2008 - Reducing Cash Transactions - Second Project Working Group Meeting: The Second Working Group Meeting for the Project on Reducing Cash Transactions took place. Please refer to the Agenda and Minutes attached here.

September 22, 2008 - IFRS Implementation - Third Project Working Group Meeting: The Third Working Group meeting on The impact on the banking regulation of the IFRS implementation took place. Please refer to the Agenda and Minutes attached here.

September 16, 2008 - Release of SPI Secretariat August report: The SPI Secretariat August activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

August 11, 2008 - SPI Albania Website becomes active: We are currently working to finalize the content and insert all the relevant documents produced up to date. We apologize for any inconvenience caused by our work in progress and thank you in advance for your understanding. The SPI Secretariat.

August 7, 2008 - Release of SPI Secretariat July report: The SPI Secretariat July activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

July 30, 2008 - Improving Auction Procedure Project - Second Project Working Group Meeting: The Second Working Group Meeting for the Project on Improving Auction Procedures for Immovable Collateral under Foreclosure took place. Please refer to the Agenda and Minutes attached here.

July 29, 2008 - IFRS Implementation - Second Project Working Group Meeting: The Second Working Group meeting on “The impact on the banking regulation of the IFRS implementationtook place. Please refer to the Agenda and Minutes attached here.

July 28, 2008 - Reducing Cash Transactions - First Project Working Group Meeting: Mr. Oscar Occhipinti and the technical anchor for the SPI Albania Project on Reducing Cash Transactions, delivered a presentation on Associazione Bancaria Italiana (ABI) experience in anti-cash measures. In addition to the working group members, all banks were invited to attend the presentation that took place on the premises of the Albanian Association of Banks.

July 28, 2008- Publication of an article on SPI Albania: The Association of Montenegrin Banks published an article featuring the SPI Platform in its quarterly professional magazine "Bankar".

July 28, 2008 - Formation of SPI Albania Project Working Group: The First Project Working Group Management team was composed. It consists of a Project Owner Mr. Oliver Whittle, Raiffeisen Bank CEO, a Project Manager Mr. Robert Wright, Raiffeisen Bank, and a Retail Director and Deputy Project Manager, Mr. Dashmir Halili, Head of Payments Department, Bank of Albania.

July 07-11, 2008 - SPI Secretariat Member on a Banking Study Tour: Ms. Elona Bollano, SPI Director of Analytics and Policy, undertook a study tour to Bucharest, Milan and Rome in order to benefit and transfer the gained theoretical and empirical expertise in the SPI operations in Albania.

July 07, 2008 -Release of SPI Secretariat June report: The SPI Secretariat June activity report was released. The report was distributed to the SPI Community, Bank of Albania and to all Second Level Banks.

July 04, 2008 - IFRS Implementation - First Project Working Group Meeting: The First Working Group meeting on “The impact on the banking regulation of the IFRS implementationtook place. Please refer to the Agenda and Minutes attached here.
July 03, 2008 - Improving Auction Procedure Project - First Project Working Group: The First Working Group Meeting for the Project on Improving Auction Procedures for Immovable Collateral under Foreclosure took place. Please refer to the Agenda and Minutes attached here.

June 19, 2008 - Appointment of SPI Albania Project Owners: Four Project Owners were appointed to four SPI Albania 2008 Projects.
June 10, 2008 - First SPI Committee Meeting: The first SPI Committee Meeting took place. Please refer to the Agenda and Minutes attached here.
June 05, 2008 - SPI Albania Presentation at European Banking Federation Annual Meeting: The Convergence Program members, gave a presentation on SPI Albania at the European Banking Federation (EBF) annual meeting in Tirana.
May 15, 2008 - Launch of SPI Albania: SPI Albania became operational when Ms. Anuela Ristani, Director of Operations and Ms. Elona Bollano, Director of Analytics and Policy started their work as the SPI Secretariat. The selection process for the Banking Technical Anchor however is undergoing.

April 3, 2006- Press release on the Seminar with the Board of the Albanian Association of Banks with Bank of Albania participation on the Cesarini Report on the organization and activities of the Italian Banking Association