Governor Ismaili hosted the Managing Director of the Financial Market Authority of Austria (FMA), Peter Braumüller

The Governor of the Central Bank of the Republic of Kosovo (CBK), Mr Ahmet Ismaili, together with the Deputy Governor for Financial Supervision, Mr. Milot Cakaj, and his colleagues, hosted the Managing Director for Insurance and Pension Supervision of the Financial Market Authority of Austria (FMA), Mr. Peter Braumüller.

Governor Ismaili informed Mr. Braumüller regarding the main developments in the financial sector, the advancement of the legal and regulatory framework, the CBK Strategic Plan, particularly highlighting the progress made in the insurance sector in our country.

During the meeting, Governor Ismaili emphasized that the strengthening of the legal and regulatory framework has rendered possible the growth and sustainability of the financial system, however, according to him, there are still challenges to be addressed in order to advance to the required levels.

Governor Ismaili also expressed his gratitude to the institutions of Austria, which continue to support the CBK’s efforts to strengthen the integrity of the financial system, namely in the integration processes, including the Green Card System.

Mr. Braumüller stated that the FMA remains committed to supporting the path of the CBK and the Republic of Kosovo in advancing the legal framework in accordance with the standards of the European Union (EU), through various cooperation initiatives, with the aim of harmonization of the legislation for the integration of our country in the relevant European mechanisms.

This meeting is held within the framework of the Regional Conference of the Central, Eastern and South-Eastern Europe Insurance Supervision Initiative (CESEE ISI), held for the first time in Prishtina, co-organized by the CBK and CESEE ISI, where 11 countries participated from the EU and the Western Balkans, and which was chaired by Mr. Braumüller.