The MNB hosted an EU-funded training event on “Recovery and Resolution”

04 November 2021 – The MNB hosted an EU-funded training event on “Recovery and Resolution” for the Western Balkan central banks and banking supervisory agencies

In the framework of the EU-funded programme, entitled “Strengthening the Central Bank Capacities in the Western Balkans with a view to the integration to the European System of Central Banks (ESCB)” the Magyar Nemzeti Bank organized a training event on “Recovery and Resolution – focus on Recovery” which was held in hybrid format on 2-4 November in Budapest. Presentations were delivered by experts from the Deutsche Bundesbank, the Banca Naţională a României and the Magyar Nemzeti Bank, while 16 participants from the central banks of Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia took part in the event personally or online. The seminar also created opportunity for the central banks of the region to exchange experience with their colleagues from the ESCB on the assessment of recovery plans and resolution planning.

The Deutsche Bundesbank, in cooperation with 17 national central banks of the ESCB, and the European Commission launched the EU-funded programme in March 2019 to support central banks and banking supervisory agencies in EU candidate countries and potential candidates from the Western Balkans. The aim of the programme is to further strengthen the institutional capacities of the beneficiary institutions, notably by further enhancing their analytical and policy tools and by transferring the best international and European standards into national practices. The intensive regional training programme, which will be implemented by the end of 2021, is focusing on the areas of banking supervision, financial stability, financial consumer protection and financial inclusion, recovery and resolution, monetary policy, payment systems, statistics, compliance and EU integration, governance policies, accounting and internal audit. The European Union (EU) has allocated €2 million to this Regional Programme from its Instrument for Pre-Accession Assistance (IPA II). The MNB has been taking part actively in the programme by contributing to training events and implementing specific bilateral measures; between 9-11 November MNB hosts a seminar on banking supervision in cooperation with the central banks of Bulgaria, Luxemburg and Greece in a virtual format.