TIRANA, February 24 – The Executive Director of the Financial Supervisory Authority, Adela Xhemali, met with representatives of the Association of Life Insurance, Pension, and Investment Fund Companies. The meeting focused on aligning the non-banking financial sector with European Union standards.

Xhemali said that transposing and implementing the EU Acquis for Chapter 9 “Financial Services” aims to increase market trust, improve product and service quality, and strengthen consumer protection, particularly in life insurance, private pensions, and investment funds.

Discussions focused on legal and regulatory alignment with EU rules, highlighting the importance of enhancing supervision and financial stability.

Association representatives welcomed the dialogue with the authority and confirmed their commitment to contribute to reforming the legal framework, aiming for sustainable market development according to European best practices.

Both sides agreed to continue technical consultations on alignment priorities and cooperation, aiming to ensure a clear regulatory framework, effective supervision, and sustainable development of life insurance, private pension, and investment fund markets.

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