Global financial stability and emerging challenges in the financial sector at the focus of CBK’s public lecture with the International Monetary Fund

The Central Bank of the Republic of Kosova (CBK) within the framework of the high-level regional conference on “Policy and Regulatory Frameworks in a Changing Landscape”, held on 3 and 4 June 2026 in Prishtina, organized the public lecture titled “Assessing Global Financial Stability: Where Do We Stand?”

The public lecture was held in cooperation with the Faculty of Economics of the University of Prishtina and brought together the Governor of the CBK, Mr. Ahmet Ismaili, and Mr. Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department at the International Monetary Fund (IMF). The event was opened by the Vice-Dean of the Faculty of Economics, Ms. Vlora Prenaj, who welcomed the participants and highlighted the importance of the event, as well as the institutional cooperation between the CBK and the Faculty of Economics.

The discussion focused on the latest developments in global financial stability and their implications for small, open, and euroized economies. In this context, the discussion addressed macrofinancial uncertainties, changes in global financial conditions, developments in non-bank financial intermediation, and the potential risks that may arise from these developments for financial stability.

The discussion also covered the importance of banking sector resilience, prudent macroprudential policies, effective and risk-based supervision, as well as the strengthening of institutional capacities to identify, monitor, and address systemic risks in a timely manner.

A dedicated part of the lecture focused on structural developments that are transforming the financial sector, including payments and digital finance, artificial intelligence, cyber risks, crypto-assets, and digital money. In this regard, the need for regulatory and supervisory frameworks that enable safe innovation, while preserving financial stability, market integrity, and consumer protection, was emphasized.

For CBK, these issues are of particular importance in the context of preserving financial stability, strengthening institutional resilience, further advancing regulatory and supervisory reforms, and aligning with European standards and best practices. Financial stability, as a public good, remains a prerequisite for sustainable economic development, trust in the financial system, and the well-being of citizens.

At the conclusion of the event, an open discussion was held with students, professors, representatives of institutions, and other participants. During this session, questions and comments were addressed regarding developments in global financial stability, emerging regulatory challenges, and the role of central banks in an increasingly complex financial environment.

The CBK expresses its appreciation to the International Monetary Fund for its continued cooperation and professional support over the years, particularly through the engagement of the Monetary and Capital Markets Department. This cooperation has contributed to strengthening the CBK’s capacities in the areas of financial stability, banking supervision, macroprudential policy, and institutional preparedness to address emerging risks in the financial sector.

The CBK also thanks the Faculty of Economics of the University of Prishtina for its cooperation in organizing this event and for its contribution to fostering academic and professional debate on issues of strategic importance for the financial sector and the country’s economy.

The CBK remains committed to further strengthening the resilience of the financial system, advancing reforms in line with European standards, and deepening cooperation with international partners, in support of a safe, sound, and sustainable financial sector that serves the economy of the Republic of Kosovo.