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Sectors: Economy - Finances, Enlargement, Public Management, Services

Beneficiaries: Administrations States, Agencies Chambers, Local and Regional authorities, Training centres

Regions: European Union

Category: Call for proposals

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WE Funding – IPA II – Strengthen…
Funds for: Strengthening the institutional capacity of the National Bank of Macedonia
Main beneficiaries: Public administrations, Mandated bodies

Responsible: European Commission

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Funds for: Strengthening the institutional capacity of the National Bank of Macedonia
Main beneficiaries: Public administrations, Mandated bodies

Priorities and funded actions:

Objectives
* Support the National Bank of the Republic of Macedonia (NBRM) in maintaining the macroeconomic and financial system stability through the harmonisation of rules, policies and operations with the ESCB standards and best international practices and thereby help the NBRM fulfil its mandate in the most efficient and effective way;
* Strengthen the institutional capacity of the NBRM by further aligning the NBRM’s core functions with EU legislation and international standards and thereby improving the efficiency, accountability and stability of the financial sector in the Beneficiary country

Priorities
* Strengthen the institutional framework, organization and capacity of the NBRM for harmonization with the Union acquis and ESCB standards in the field of the payment services and payment systems;
* Further alignment of banking regulation with the relevant EU legislation and enhancement of current supervisory practices;
* Further alignment of NBRM’s Financial Accounts Statistics with ESCB/ECB standards;
* Enhance NBRM’s research-oriented know-how in the area policy analysis and decision-making with a focus on monetary and macroeconomic policy

Among financed actions
* Enhance NBRM framework for licensing and supervision of payment institutions and E-money institutions and licensing and oversight of payment systems;
* Further align payment services policy framework in the NBRM with EU Directives and Regulations in the field of payment services;
* Strengthen the institutional capacity in the area of anti-money laundering and combating the financing of terrorism (AML/CFT);
* Enhance capacity in business and IT issues related to Real-Time Gross Settlement Systems (RTGS), particularly TARGET and TIPS, and implemented ISO20022 in payment systems in Europe;
* Develop internal guidelines for ILAAP assessment and its integration in the SREP;
* Further enhancement of NBRM’s licensing process of various collective investment schemes as qualifying shareholders in banks;
* Develop conditions for improved collection of claims, improved NPL management and resolution and improved overall risk management in banks

Additional information
* This call for proposals is an open call for proposals

* Initial duration of the action: 21 months

* Eligibility
– Be a legal person;
– Be a public or a private entity;
– Be: a public administration or a mandated body;
– Be established in the territory of an EU Member State