The Commission talks about incomplete information or poor incentives as a reason for bad behaviour, but one of the most important reasons for the bad behaviour necessitating regulation is what economists call incomplete contracts; that is, the behaviour of the regulated entity (vis a vis customers, the public at large, the taxpayer, or the market) cannot be completely specified in contracts because it is too difficult to observe or verify in real time, or it can only be gauged across many contracts.
They are well-capitalized, mainly self-funded, and play a vital role in the Albanian economy. However, individually their operations are rather small compared to those of other foreign banks in Albania. Therefore, some mergers may need to take place. In recent years, Greek banks have spread widely in South Eastern Europe.