A comprehensive training series for the Albanian Financial Supervisory Authority (AFSA) has commenced, with the inaugural sessions taking place from April 16-18, 2024, in Tirana, Albania, as part of the Strengthening Quality of Auditing and Reporting Project (SQARP).
The Financial Stability Board coordinates the work of international regulators to support integrating sustainability policies at the request of the G20, including though climate and environment monitoring, under four key policy areas: firm-level disclosures, data, vulnerabilities analysis, and regulatory and supervisory practices and tools.
The world is seeing growing challenges that are affecting the real – and the financial economy, including banking and insurance companies. In the last two years, countries in Europe and Central Asia (ECA) are seeing the gains of ten years of reform and investment for inclusive growth and shared property drastically diminished by the Covid-19 pandemic, adverse climate events, and the war in Ukraine; these events have been disrupting supply chains and led more recently to rapid changes in prices of energy, food, and commodities, leading to inflation and rising interest rates.
A World Bank Centre for Financial Reporting Reform (CFRR) Senior Officials’ Workshop took place in Vienna, Austria on November 29, 2022. It convened more than 140 high-level delegates of key CFRR programs, including senior government officials and policy makers from program countries, international development partners, professional and academic speakers, and experts from key international and European Union (EU) institutions.
On 26 April 2016, around 100 senior officials leading accounting and auditing reforms in countries taking part in two programs being implemented by the Centre for Financial Reporting Reform (CFRR) converged in Vienna, Austria.
Local community of practice from Azerbaijan benefited from a five-day workshop, delivered by the CFRR on May 23-27, 2022, in Baku on implementation of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The event was organized in cooperation with the Ministry of Finance of Azerbaijan.
From December 1 2015, banks in Ukraine are required to fully transition to the International Financial Reporting Standards (IFRS). Successful transition and implementation of IFRS in Ukraine's banking sector will depend on the ability of both those responsible for arriving at financial estimations and preparing financial statements, and for banking supervisors to understand and confidently apply the key principles of IFRS.
Five-day workshop was delivered by the CFRR on May 16-20, 2022, in Yerevan, Armenia on the IFRS 17 “Insurance Contracts” Implementation for Armenian Regulators and Insurance Industry. The event was organized in cooperation with the Central Bank of Armenia (CBA).
Two workshops organized by the World Bank Centre for Financial Reporting Reform (CFRR) to improve audit quality in Eastern Partnership countries — Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine — took place in Minsk, Belarus, from 10 to 12 October.