, the bank of albania is currently in the process of reviewing the regulatory framework which will ensure the appropriate implementation of the said law. in this framework, the preparation of the respective impact assessments for each proposed regulatory amendment in close consultations with the market participants remains one of the objectives of the bank of albania in the near future. these new analytical tools will certainly improve policy - making by placing a greater emphasis on the clarification of costs related to the enforcement and implementation of the adopted regulatory acts through the conduct of the respective cost - benefit analyses. at the same time, the use of these assessment techniques will enhance the transparency of policy - making by ensuring a better communication of the regulatory and supervisory authorities with market participants. let me conclude by thanking mr. bossone and mr. brogi from the convergence program as well as ms. wesseling from the committee of european insurance and occupational pensions supervisors for being among us today. it is my deep conviction that their presentations will prove to be highly beneficial and insightful to all participants. i wish you a fruitful and interesting workshop. thank you.

therefore no longer report to the bank of albania. third, the revocation interrupts both any reporting of these entities in the credit registry and any communication with the bank of albania. even in case of full repayment of the loan to the entity, the status of borrowers would remain not updated in the credit registry, placing them unfairly in a penalized status. finally, the revocation of the license creates a false expectation among borrowers that through the cessation of the entity's lending activity, the obligation to repay the loan is extinguished. borrowers may perceive that non - payment of liabilities exists as an option. this drives to an increase in non - performing loans in the banking system, and puts citizens'savings at risk, and consequently, jeopardises the financial stability in albania. for all these reasons, the suspension of the license and the determination of a deadline for the sale of the portfolio to any other licensed entity, aims to protect borrowers from abusive practices and the problems mentioned above. currently, mca has 15, 942 borrowers in its portfolio. of these, around 90 % have received a court decision and / or are in the enforcement process. this means that for 90 % of cases there is a court decision that determines the value of the borrower's 4 / 6 bis - central bankers'speeches liability. in total, mca has purchased portfolios amounting all 9. 6 billion, of which about 10 % has been recovered. since the moment of licensing, until today ( 2016 - 2024 ), around 85 complaints against this entity have been submitted and handled in the bank of albania. the bank of albania has paid the maximum attention to the complaints and has addressed all of them, with no exception, in accordance and in full compliance with the legal and regulatory framework of the institution. complaints related with the enforcement execution process from the bailiff service have the main share within the number of the submitted complaints. this process is also a concern for the operational management of banks due to the quite high number of seizure orders that are filed every day by the bailiff service and that impose the blocking of debtors'accounts in unreasonable terms. the organic law on the bank of albania clearly define its mandate, for the purposes of safeguarding the financial stability of albania, authorizes the bank of albania to regulate, license and supervise entities that are part of the financial market, only within the categories as provided in the law. the activity of bailiff