The Financial Supervisory Authority (AMF) reported today to the Parliamentary Committee on Civic Initiatives, Institutional Cooperation and Oversight that it achieved progress in 2025 in aligning its legal framework with European Union standards, strengthening oversight of non-bank financial markets, and modernizing reporting systems, in line with parliamentary recommendations.
First, AMF Executive Director Adela Xhemali presented the institution’s 2025 activity report and said the authority continued to implement parliamentary recommendations as part of efforts to align legislation with the EU acquis and prepare the financial market for a new regulatory architecture.
Next, she said AMF advanced work on the implementation of Solvency II, prepared for the International Financial Reporting Standard 17 (IFRS 17), and adjusted the private pension market to the new legal framework.
In addition, she said the authority strengthened monitoring of investment funds and improved market supervision throughout the year.
Furthermore, she said AMF modernized reporting systems and continued its institutional digital transformation.
At the same time, she emphasized that the authority remained committed to consumer protection, increased institutional transparency, and financial education.
She also said AMF worked to fully align its legal framework and supervisory practices with European Union standards.
Meanwhile, committee members welcomed AMF’s progress and praised the ongoing harmonization of legislation with the EU acquis. They also expressed support for strengthening inter-institutional cooperation in the financial sector.
Finally, AMF reaffirmed its commitment to implementing parliamentary recommendations and further developing Albania’s non-bank financial markets.
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