Financial system

A new privately run stock exchange is due to open in Albania in October, after three years of the country not formally having such an institution.

The Tirana Stock Exchange, TSE, opened in 1996, first as a department of the Albanian Central Bank and later as a joint-stock company.

The Vatican?s financial watchdog agency said May 29 that it received 147 reports of suspicious financial transactions last year, a sign that tough new anti-money laundering norms are taking hold at its scandal-marred bank.

The financial market of Romania is slightly unbalanced, with a massive dominance of banks, National Bank of Romania (BNR) Governor Mugur Isarescu said on Thursday in a conference at the Academy of Economic Studies.

Islamic finance continues to expand globally but the industry risks losing its differentiation from conventional financial products and lacks official data to ensure better supervision, an oversight body said.

Qatar is ready to invest in financial instruments issued by the Bulgarian Development Bank and the Bulgarian Deposit Insurance Fund (BDIF), thereby supporting the financing of the national program for the renovation of multi-family buildings and capitalizing the BDIF according to Bulgaria's Finance Ministry.

Central bank governor: Baking system is stable

BELGRADE -- Serbia's banking system is highly liquid and stable, and there are no reasons for worry, National Bank of Serbia (NBS) Governor Jorgovanka Tabaković has said.

BELGRADE - Serbia's banking system is highly liquid and stable, and there are no reasons for worry, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic has said.

Certain banks were, however, shut down last year due to the country's poor regulations for setting up companies, Tabakovic said for Radio and Television of Serbia (RTS) on Monday evening.

The New York branch of the Turkish state-run bank Ziraat is subject to an 'enforcement action' with the U.S. Federal Reserve and is subject to inspections for up to two years to ensure it is complying with anti-money laundering rules.

Only a small number of citizens have responded to a call by the Finance Ministry to designate a bank account where deposits up to 1,500 euros cannot be confiscated against arrears to the state.

Tanzania’s central bank said on Friday it had taken over the management of a bank accused by the US government of large-scale money laundering.