Execution of Bank Accounts

Description

Bank of Albania current regulation on the implementation of execution on bank accounts is lacking provisions regarding public institution accounts or consolidated accounts. Notwithstanding financial intermediary role, banks are faced with the difficulty to execute bailiff orders. There is a need for a new regulation to be issued by the Bank of Albania.

By determining proper procedures regarding execution on public institution accounts, Banks operate in a safer institutional environment which protects them from abusive or unclear actions of bailiff offices, tax offices etc. Reduced uncertainty might be reflected in lower costs, improved bank-client relationships and in more transparency with account operations.

Updated on : October 26, 2009

Current Status

The PWG, assisted by SPI Secretariat will draft a questionnaire for the identification of the possible changes to the regulatory framework for bank account executions. 

Output

• Scoping of the Problem
• Note on International Experience 
• Questionnaire of Execution of Amount on Bank Accounts
• Summary of Findings
• Consultation Paper on Execution of Amount on Bank Accounts
• Final PWG Recommendation Document on Execution of Amount on Bank Accounts
  

Management

Members

Terms of Reference

• ToR
  

Project Working Group Meeting Agendas, Documents and Minutes