least some loss, with spreads on their subordinated debt larger than those on similar debt of large and highly rated nonbank financial institutions. indeed, there are no aaa - rated u. s. banking organizations. another argument often raised by smaller banks regarding the need for increased deposit insurance coverage is their inability to match the competition from those large securities firms and bank holding companies with multiple bank affiliates, offering multiple insured accounts through one organization. while the board believes that such offerings are a misuse of deposit insurance, raising the coverage limit for each account would also increase the aggregate amount of insurance coverage that large multibank organizations would be able to offer, so the disparity would remain. conclusion the board commends the fdic for its review, analysis, and recommendations for reform of the deposit insurance system. there are several aspects of that system that need reform. the board supports, with some modifications, all of the fdic ’ s recommendations except indexing of the current $ 100, 000 ceiling. the thrust of our proposed modifications would call for a wider permissible range for the size of the fund relative to insured liabilities, reduced variation of the insurance premium as the relative size of the fund changes with banking and economic conditions, and a premium net of rebates. there may come a time when the board finds that households and businesses with modest resources are finding difficulty in placing their funds in safe vehicles and / or that there is reason to be concerned that the level of deposit coverage could endanger financial stability. should either of those events occur, the board would call our concerns to the attention of the congress and support adjustments to the ceiling by indexing or other methods. but today, in our judgment, neither financial stability, nor depositors, nor depositories are being disadvantaged by the current ceiling. raising the ceiling now would extend the safety net, increase the government subsidy to banking, expand moral hazard, and reduce the incentive for market discipline, without providing any real public benefits. with no clear public benefit to increasing deposit insurance, the board sees no reason to increase the scope of the safety net. indeed, the board believes the time has come to draw the line on expanding government guarantees.

to make the right decisions on the basis of sufficient knowledge. this knowledge can only be gained through adequate financial education, which is consequently transformed into financial behaviours. this would be the optimum reality that all of us present today aspire, but have we managed to accomplish it? the central bank is developing the financial education in the function of three main dimensions : - in the function of financial stability, - in the function of consumer protection, and - in the function of financial inclusion. these three dimensions actually cover the whole process of financial activity, from the first confrontation with the financial product / service to the realization of the right / obligation in this report. financial education in the function of financial stability is built on the premise of mutual trust. financial education is the core of trust building. without trust there can be no financial stability. if we look from the social welfare point of view, it is very important whether the citizens are able to properly manage their finances. but on the other hand, the benefits of financial knowledge extend beyond the balance sheets and income at the individual or the household level to the promotion of a stable financial system and efficient resource allocation within the real economy. financial education in the function of consumer protection is an active process in which information communication is only the beginning, while the ultimate goal is a positive long - term financial behaviour. customers'decisions on the use of products and services are made on the basis of complete and reliable information as well as on their understanding of this information, therefore the presentation of this information by financial institutions is critical. moreover, such an approach leads to a fair competition of all stakeholders in the financial sector. the cbk is committed to contributing to economic growth in the country and to work towards raising quality across the financial sector and above all to contribute to consumer protection. as a result, with the support of the european fund for southeast europe " efse ", we will implement the project " improving the transparency of the banking market through building a platform for comparing interest rates for banks ". this platform will enable citizens to make decisions based on complete and clear information, presented on a unified platform for all banks. this platform will also help increase a sound competition in the banking sector. another important project is the collection of books for financial education designed for the lower cycle of primary schools, which in cooperation with the ministry of education will be distributed throughout all kosovo schools. kosovo students will have the opportunity to get familiarized with the economic - financial educational concepts that are important to