ahmet ismaili : welcoming remarks - world savings day welcoming remarks by mr ahmet ismaili, governor of the central bank of the republic of kosovo, at the world savings day, pristina, 31 october 2023. * * * dear mr. jaha, director of " xhevdet doda " gymnasium in prishtina dear mrs. shatri, professor dear students, i address you today on world savings day, which aims to promote educational habits by promoting the culture of savings in the world, especially in the republic of kosovo. world savings day was established as an event to promote savings on 31 october 1924 at the first international savings bank congress held in milan, italy. this day is marked with informative and educational activities with the aim of informing and raising the awareness of citizens about the importance and financial responsibility of savings and their impact in the future. the central bank of the republic of kosovo marks this day for the 8th year in a row through awareness, educational and informative activities with the aim of encouraging students and young people to be informed and understand the ability of proper money management. the european commission has declared 2024 the year of skills, and of course financial education skills are included, as one of the main social skills, personal finance management, so that the decisions of citizens are then appropriate decisions for the future. the cbk will also focus on access to finance education and inclusion, where, during 2024, it will work in this direction. for this purpose, we will also coordinate with the bank of albania, to cooperate and harmonize financial education materials and propose it to be part of the school curriculum, as far as possible. the world is changing fast and we must keep up with it, and advanced changes in information technology, environmental and social changes, and geopolitical changes have become part of our daily life, and we must prepare to face them. today, more than ever, it is important to cultivate a genuine culture of managing and protection of personal finances and the protection of the environment, so that in the social and environmental aspect, as an individual, as a family or as a society, we have stability and sustainability. you are still young, but it is the right time to think about your financial future, and it is important to create the knowledge and skills of proper management of personal finances, create the habit of savings, and awareness of economic and financial issues. 1 / 2 bis - central bankers'speeches young people should set clear

, and the prospects for success, of both the fsb and the iais will turn on how we address the challenges of the changing nature of financial services that are coming from technological innovation and other sources. your conference theme this year, “ supervision in a digital era ” is timely, and the panels you have planned on these topics can inform the supervisory responses that all our governments are weighing. the rapid changes transforming the financial landscape mean we can ’ t rely on the past for answers. the fsb is committed to a forward - looking agenda to address new vulnerabilities and new challenges. like the iais, we are developing a new financial stability surveillance framework. we ’ re also examining possible unintended negative consequences of market fragmentation. and something that is capturing the attention of many regulators are recent proposals to launch stablecoins on a global scale. the fsb has been looking at crypto - assets and has formed a group of experts to examine the implications of these recent proposals. the fsb and iais share many common concerns about risks to financial stability — fintech, cyber risk and operational resilience are just some of them. the iais has advanced the effort to tackle these problems with an active and comprehensive program of outreach : by extending the length of public consultations whenever possible ; by expanding participation of new stakeholders in public events ; by organizing subject matter specific workshops on emerging risks ; by expanding efforts to seek input from consumer groups ; and, by reaching out to academics with more roundtable discussions with investors and rating agencies. in closing, congratulations again to the iais on its silver anniversary, and doubly so for embracing such an ambitious agenda for the future. on behalf of the fsb, we look forward to working with you to set standards for financial regulation and supervision that will promote a strong and stable financial system. thank you for this opportunity to speak, and i wish you a successful and engaging conference. 1 1. www. federalreserve. gov / newsevents / speech / quarles20191003a. htm 2 / 2 bis central bankers'speeches