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Markets under supervision have marked double-digit growth, not only compared to 2020, but also to 2019, according to the General Executive Director of the Financial Supervision Authority, Ervin Mete.
According to him, the increase has been in the level of income, from premiums in the insurance market, as well as in the level of assets in terms of investment funds and those of private pensions, but also at the level of members.
The Chief Executive Officer praised the role of the leaders of the supervised market companies in terms of measures taken to cope with the effects of the Covid 19 pandemic, by approving business continuity plans and maintaining adequate liquidity levels. He also praised insurance companies for managing and dealing with the 2019 earthquake damage.
Mete stressed that in recent months a significant legal and regulatory reform has been carried out, changing most of the laws of the markets under supervision. Pursuant to the new laws, the Authority is in the final stage of approving the regulatory basis. Also, the draft law “On private pension funds” is in the process of public consultation.
The General Executive Director underlined that the harmonization of legislation with that of the European Union has increased the possibilities of interconnection and has diversified the spaces, bringing increased attention to important European names to be present in our country, through interconnection platforms with markets. international, or investment funds.
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