The CBCG uses funds from EU pre-accession funds in institutional capacity building and harmonising its institutional, regulatory and operational framework with EU policies and methodologies and the best international standards and practices. The objective is to strengthen institutional and administrative capacities for adopting and implementing European regulations and standards to promote sustainable development based on balanced economic growth, price stability, and a highly competitive market with full employment and social progress.
To exploit the best practice and expertise in harmonising, applying and implementing the acquis, the CBCG is a beneficiary of the TAIEX instrument - short-term technical assistance financed by EU funds. It is implemented through short workshops, expert missions or study visits by CBCG representatives to EU countries’ partner central banks.
Regional IPA project (2019–2021)
The CBCG was a beneficiary institution of the IPA Regional project titled “Programme for Strengthening the Central Bank Capacities in the Western Balkans with a view to the Integration to the European System of Central Banks”. The Project aimed to strengthen monetary and financial stability in the region and prepare beneficiary institutions for future membership of the ESCB and was intended for central banks and banking supervisors from the Western Balkans.
The project included an intensive training programme on banking supervision, financial stability, consumer protection and financial inclusion, recovery and resolution, monetary policy, payment systems, statistics, compliance policy and EU integration, accounting and internal audit. Moreover, two high-level workshops dedicated to non-performing loans (NPL) and central bank management were held. In addition, bilateral and internship programmes were implemented within the project.
The Deutsche Bundesbank implemented the programme in partnership with 19 national central banks members of ESCB – the Nationale Bank van België/Banque Nationale de Belgique, Българска народна банка (Bulgarian National Bank), Česká národní banka, the Bank of Greece, the Banco de España, the Banque de France, Hrvatska narodna banka (Croatian National Bank), the Central Bank of Ireland, the Banca d’Italia, Lietuvos bankas, the Banque centrale du Luxembourg, the Magyar Nemzeti Bank, De Nederlandsche Bank, the Oesterreichische Nationalbank, Narodowy Bank Polski, the Banco de Portugal, Banca Naţională a României, Banka Slovenije and Národná banka Slovenska.
Twinning project “Support to Regulation of Financial Services” (2018–2020)
The twinning project “Support to Regulation of Financial Services” was implemented in cooperation with a consortium consisting of the Deutsche Bundesbank, the Croatian National Bank, De Nederlandsche Bank, the German Federal Financial Supervisory Authority (BaFin) and the Croatian Financial Services Supervisory Agency (HANFA), and financed from the IPA 2014. The project included all supervisors of Montenegro’s financial sector. Its main objective was to provide more stable, sustainable and efficient financial services aligned with the best EU practices to support developing the private sector and strengthening the economy’s competitiveness.
CBCG Needs Assessment Project (2014–2015)
The ECB implemented this project in cooperation with ten national partner banks of the Eurosystem - Deutsche Bundesbank, Eesti Pank, Banque de France, Bank of Greece, Banca d’Italia, De Nederlandsche Bank, Oesterreichische Nationalbank, Banco de Portugal, Banka Slovenije and Národná Banka Slovenska. The project titled “Technical Cooperation Programme Supporting the CBCG in its Preparations for Joining the European System of Central Banks (ESCB)” aimed to provide a comprehensive analysis of the degree of compliance of CBCG standards with EU central banking standards. It covered six CBCG business areas.
Project “Strengthening Macro and Micro-Prudential Supervision in EU Candidates and Potential Candidates” (2010-2012)
The ECB, together with 14 national central banks of the ESCB, completed a two-year technical assistance programme intended for central banks and supervisory authorities of Croatia, North Macedonia, Albania, Bosnia and Herzegovina, Montenegro, Turkey, Serbia and Kosovo. The programme’s objective was to strengthen the macro and micro-prudential capacities of the supervisory authorities of the Western Balkans and Turkey, which will contribute to the stability of the banking system as one of the most important elements of sustainable economic growth. The national central banks of the ESCB were involved in the project - Nationale Bank van België/Banque Nationale de Belgique, Bank of Greece, Banco de España, Banque de France, Banca d’Italia, Central Bank of Cyprus, Banque centrale du Luxembourg, Central Bank of Malta, De Nederlandsche Bank, Oesterreichische Nationalbank, Banco de Portugal, Banka Slovenije, Národná banka Slovenska, and Suomen Pankki – Finlands Bank.
Twinning project “Strengthening the Regulatory and Supervisory Capacity of the Financial Regulators” (2009–2011)
The CBCG was the beneficiary of the Twinning project “Strengthening the Regulatory and Supervisory Capacity of the Financial Regulators”, in which the Securities Commission, the Insurance Supervision Agency and the Ministry of Finance participated. The project’s objective was to improve the efficiency and effectiveness of the institutional and regulatory capacities of the financial sector supervisors in supervising the financial market and institutions following the acquis. The Bulgarian National Bank implemented the project in a consortium with the De Nederlandsche Bank and the Bulgarian Commission for Financial Supervision.