Kosovo's banking sector has also made progress in enhancing the efficiency of financial intermediation, prompting loan interest rates to decline significantly in recent years. Faqe 4 nga 7  Similar progress has been made in other components of the Kosovo financial system. The insurance sector has grown steadily and has shown sufficient ability to cover liabilities towards insurance policy holders.
It strikes me however that further efforts are needed to be able to cope with CCP default, to address risks associated with changes in market structures, and to remove cross-border differences in regulation where needed. I thank you for your attention. 4  4  See “CPSS: Implementation monitoring of standards”, http://www.bis.org/cpss/cpssinfo2_5.htm. BIS central bankers’ speeches