The Regulation on Non-Performing Loans and Restructurings will enable the application of the same criteria for the identification of Nonperforming Loans and Restructuring and it fully complies with the criteria applied in the EU. In recent years, the CBK has increased its engagement towards the protection of the rights of financial services consumers, thus directly serving to the protection of the public interest.
In addition to identifying strategies for enhancing the long-term efficiency of the retail payment systems, it also identifies barriers to innovation and works to address those barriers where possible. The committee is active in monitoring developments in payment markets and has sponsored workshops and forums that encourage focused discussions with the private sector.