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Nov 29, 2017 13:39 EEST
PRISTINA (Kosovo), November 29 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) has said it is seeking a legal consultant to review and identify weaknesses in the Kosovo bank resolution legal framework.
The consultant focus will be the aligning of Kosovo bank resolution legal framework with the international best practices and the relevant European Parliament’s and Council’s Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms, the EBRD said in a statement on Tuesday.
The legal consultant will cooperate with the Central Bank of Kosovo and the relevant working group in drafting amendments to the existing legislation and the central bank’s implementing regulations and guidelines/manuals.
The deadline for the submission of bids is December 12.
“The team proposes to engage an international legal consultant with practical experience in bank resolution and insolvency and highly familiar with the Bank Recovery and Resolution Directive (BRRD) and its implementing regulations,” the EBRD said.
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