Albanian Stock Exchange due to be approved by FSA
The Governing Board of the Financial Supervision Authority is expected to license next week the first private stock exchange in Albania.
According to a press release, the agenda of the July 3 meeting consists of the licensing of society “Albanian Stock Exchange – ALSE”.
The application of this company has been submitted to the Financial Supervisory Authority more than a year ago, and, after many delays, it is expected to finally get the green light from the authority that regulates the non-banking financial market in the country.
This initiative is thought to be supported by several successful financial institutions in the Albanian financial market.
Recent years have shown that the Albanian market may be for the first time ready for a functioning financial market.
The tightening of lending during the recent financial crisis has increased the need for businesses to provide funding through alternative instruments.
SCAN
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