Governor Ismaili holds a consultative meeting with the member of the Executive Board of the European Central Bank, Piero Cipollone

The Governor of the Central Bank of the Republic of Kosovo, Mr Ahmet Ismaili, together with the Deputy Governor, Mr. Dardan Fusha, held a virtual meeting with the member of the Executive Board of the European Central Bank, Mr. Piero Cipollone, following the last meeting at the headquarters of the European Central Bank (ECB) in Frankfurt.

The topic of this discussion was the examination of options and opportunities for cooperation in the field of the payment system, with special emphasis on the way our country joins the SEPA payment scheme and the TIPS instant payment system, a project that is also supported by the ECB as part of the Berlin Process for the six countries of the Western Balkans.

They also discussed the importance of the advancement of the technical infrastructure and the regulatory framework, for access to the payment system of the European Union, where the CBK did preparations for the membership as its strategic objective, given great benefits for citizens, businesses, the diaspora and the entire economy.

Part of the discussion was the possible cooperation between the CBK and the ECB in the field of reserve management, supervision of systemic banks, as well as issues related to the capacity building and the exchange of experiences within the mandate of the ECB and CBK.

At the end of the meeting, it was agreed to intensify the meetings with concrete proposals, and cooperation in achieving the common goals of the two institutions.

The contribution of Mr. Cipollone remains important, as a supporter of this process, who before being appointed to this executive position at the ECB, was the deputy governor of the Central Bank of Italy, thus replacing Mr. Fabio Panetta, who is now Governor of the Bank of Italy (Banca d’Italia).

The CBK is working with dedication to achieve long-term strategic objectives, which require daily commitment and proper institutional and international coordination.