Governor Ismaili congratulated Ambassador Schübel on taking up the new task and expressed gratitude for the European Union’s continued support in Kosovo’s economic and financial development, advancing institutional reforms and approaching European standards.
During the meeting, Governor Ismaili presented key developments in the financial sector, emphasising stability, stability and its role in supporting economic development. He briefed the ambassador for progress in implementing the BEC Strategic Plan, advancing the legal and regulatory framework, strengthening financial supervision and developing institutional capacities, in line with European standards and best practices.
Special attention was given to Kosovo’s integration process in the Unicne Euro payment zone ( SEPA) and modernisation of the payment infrastructure. Governor Ismaili and Deputy Governor Mr. Dardan Field introduced progress in meeting the legal and technical requirements for SEPA applications, including the adoption of legal changes in the area of prevention of money laundering and financing of terrorism, as well as measures for combating money fraud and protecting the integrity of the euro. In this direction, it was stressed that the CEC is in the final phase of preparations for completing steps for application to the European Tax Council ( EPC, in co-ordination with relevant European Union institutions. In this context, the development of a quick payment system through project T was also discussed IPS Clone, as part of reforms to modernise payment services and access European infrastructure.
Governor Ismaili stressed that integration into SEPA and advancing towards European payment systems constitutes strategic priorities of the CEC and important steps towards Kosovo’s financial and economic integration with the European Union, aiming at faster, safer and lower costs to citizens and businesses.
During the meeting, strengthening the integrity of the financial system, cyber security, consumer protection and expanding access to financial services were also discussed. In this direction, Governor Ismaili expressed appreciation and gratitude for the support and co-operation of EU institutions, the European Central Bank and the Eurosystem central banks in advancing reforms and strengthening the BEC’s capacities.
For his part, Ambassador Schwarzbel reaffirmed the European Union’s commitment to supporting Kosovo in advancing reforms and the European integration process, including the SEPA membership process, approaching the legal framework with European standards and further development of the financial sector.
In the end, the parties expressed readiness to deepen institutional co-operation and co-ordination in implementing common priorities, with a focus on financial stability, modernising the payment systems and Kosovo’s financial integration into the European Union.
Source Layer: RTKLive