3 See, e.g., Office of the Comptroller of the Currency, OCC Guidelines Establishing Heightened Standards for  Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches (2014); Basel Committee on Banking Supervision, Review of the Principles for the Sound Management of Operational Risk (2014). 4 See Financial Conduct Authority, Behaviour and Compliance in Organizations, Occasional Paper 24 (Dec.  2016). 5 Id. 6 See William C. Dudley, Enhancing Financial Stability by Improving Culture in the Financial Services Industry,  Remarks at the Workshop on Reforming Culture and Behavior in the Financial Services Industry (Oct. 20, 2014). 7 See Salz Review: An Independent Review Of Barclays’ Business Practices 191–92 (2013) (collecting sources). 8 See Wieke W. Scholten, Banking on Team Ethics: A team climate perspective on root causes of misconduct in  financial services 110–13 (2018) (summarizing psychological research on moral climates that may facilitate misconduct). 9 See Nicholas Morris and David Vines, Capital Failure 15–16 (2014) ((“Trustworthiness requires conscious  choices to be made rather than merely being the outcome of a reliable process.”). 10 William C. Dudley, Remarks at the Culture Imperative – An Interbank Symposium, Jan. 11, 2017, (“My second  message is to reject the idea that a separate regime of ethics or morality applies in banking. I’m sure you have heard this, or perhaps even thought this, at some point in your career. Let it end there. We often teach our children by asking them if they would engage in that type of behavior at home.
The Albanian system’s immunity to this crisis arises from certain factors, namely: •  The relatively low exposure of the Albanian financial system to international financial institutions;  •  The low integration level in general; and  •  The well-capitalized activity of European banking groups and their branches operating in Albania. BIS Review 120/2008  1  In general, we consider that no risks that may be materialized or which may harm abruptly and severely the activity of the financial system are identified. However, I would like to dwell on the risk analysis of the banking sector. Scenario-based risk analyses confirm that the banking sector has the capacity to cope with the various risks that may arise as a result of the unwelcome shifts in the exchange rates and interest rates. Prudent monitoring of assets’ quality is required and time is ripe to pay greater attention to the performance of liquidity indicators. With respect to the latter, the following aspects are crucial to keep under consideration: First, the absence of a developed money and securities trading market curtails the financial institutions’ capacities to meet the unexpected liquidity needs through the sale of assets considered as “liquid”.